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How to use or fill out Local Agency Real Estates Professional Services Lump Sum Consultant Agreement
- Click ‘Get Form’ to open it in the editor.
- Begin by entering the 'Firm/Organization Legal Name' and address. Ensure you do not use any DBA names.
- Fill in the 'Federal Aid Number', 'UBI Number', and 'Federal TIN or SSN Number' as required.
- Specify the 'Execution Date' and 'Completion Date'. Indicate if a 1099 form is required.
- Complete the sections regarding federal participation, project title, and description of work. Include any DBE, MBE, WBE, or SBE participation percentages if applicable.
- Enter the 'Maximum Amount Payable' at the top of the form. Review all exhibits attached for detailed requirements related to scope of work and compliance.
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What is a lump sum contract agreement?
A lump sum contract provides a fixed price for completing a construction project. Also called a stipulated sum contract, this type of construction agreement provides simplicity for both owners and contractors, and its often used for projects with a clear scope of work.
What is a professional services agreement?
A consultancy agreement allows two parties to engage in a business relationship where one side works as an external consultant. A consultant can be either an individual or a company. Consultancy services can vary, but often they provide advice that is seen to be expert and helpful.
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