Easily Replace Alternative Choice into the Construction Contract

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How to Replace Alternative Choice into the Construction Contract

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welcome to the sunray construction solutions and the lean zone online webinars Im Ariela Wagner the founders son reconstruction solutions and today we are going to have a phenomenal webinar conducted by Ill express that on what are the top nine changes I can make to my contract to better protect my company so without further ado Id like to introduce Alex Perth that good morning everybody as Ariel said my name is Alex Barnett and today were going to talk about the top 9 changes to make to your contract to better protect your company and originally this webinar was designed as a top 5 changes but as I was putting the materials together I just couldnt keep it to 5 so we have 9 so lets go through them so number one write it down to avoid just signing the other persons contract number 3 clearly define your scope of work number 4 lists all the exclusions number 5 understand the change order process number 6 verify the schedule number 7 understand the payment terms number 8 refine the

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What does add alternate mean in construction?

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 is an add alt?

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 is an example of a deduct alternate?

Typically, deduct alternates come in the following two flavors: 1. Non-essential, stand-alone items: These are items that are desired by the owner, but can be removed in total with no serious detrimental effects to the project. Examples include: play structures, fencing, emergency generator, wainscot, or crown molding.

What are alternates in a construction contract?

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 alternative procurement in construction?

Alternative Procurement Methods involve the acquisition of Deliverables through methods other than the Standard Procurement Method normally required for the type and value of the required Deliverables.

What is the difference between base bid and alternate bid?

Alternate Bid means the amount stated in the Bid as the sum to be added from the amount of the Base Bid if the corresponding change in the project scope, materials, and/or methods of construction is awarded by the Owner.

What is an alternate in an contract?

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,

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Replace Alternative Choice into the Construction Contract