How to Add Alternative Choice to a Contract

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How to How to Add Alternative Choice to a Contract

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[Music] hey there its cheryl at the made on sunday studio we talk all about branding design and creative entrepreneurship here so if those are topics of interest to you then remember to subscribe and hit the notification bell so you can get more videos from me alright so in todays video im going to be showing you how to create and send a digital contract so that both you and your signee can receive and sign the document all completely digitally legally and free now i know there are a lot of paid options out there like crm programs that will help you do it all automatically but its quite expensive and theyre usually a subscription service that includes all these other suite of services as well but lets just say youre just starting out your business or if you are only sending out a couple of contracts a month then i have a couple of free options for you that you can do yourself all right lets get right into the video all right so first off contracts right super important but sup

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What is an alternative to a contract?

An alternative contract is one in which the performing party may choose to perform one of two or more specified acts to satisfy the obligation. An alternative contract provides more than one way for a party to complete his/her performance. This is also termed as alternative-methods-of-performance contract.

What are add alternates in the contract?

Add alternates are additional items of work that may be awarded as part of the contract if the bids come within the budget specified in the contract. Add alternates may include adding length or additional quantity to a project of similar type work or adding enhancements of different type work to a project.

What does add alt stand for construction?

An additional item of work that is priced out by a consultant/subcontractor during the contract negotiation or bid process, but isnt yet part of the scope of work.

What are alternates in contracts?

Add alternates are additional items of work that may be awarded as part of the contract if the bids come within the budget specified in the contract. Add alternates may include adding length or additional quantity to a project of similar type work or adding enhancements of different type work to a project.

What are the 4 steps in the bidding process?

The Bidding Process Step 1: Request For Proposals. owners or project teams first need to issue a request for proposal (RFP) or invitation to bid (ITB) to initiate the bidding process. Step 2: Bid Preparation Of Interested Parties. Step 3: Bid Evaluation And Selection. Step 4: Contract Negotiation And Awarding.

What does the term alternate mean in construction?

Alternate: An amount proposed by bidders and stated on the Bid Form for certain work defined in the bidding requirements that may be added to or deducted from the base bid amount if Owner decides to accept a corresponding change either in the amount of construction to be completed or in the products, materials,

What is an alternate and how is it handled during the bidding process?

An alternate is a defined portion of the Work that is priced separately and thus provides an option for the Owner in determining the final scope of the Project. Alternates provide the Owner with a choice between different products or can define the addition or deletion of a portion of the Work.

What is the alternate in the bidding process?

Bid Alternates are for specific work or materials of a construction project that are not included in the base bid price.

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