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The document is a short form prime contract between an Owner and a Contractor for construction work. It outlines the scope of work, payment terms, schedule adherence, conditions for changes in work, site access, inspection requirements, insurance obligations, and termination rights. The contract emphasizes the importance of written agreements for changes and includes provisions for indemnification and arbitration in case of disputes. It also highlights the necessity for contractors to be licensed as per state regulations.

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What are the 4 types of construction contracts?

There are several types of construction contracts, but the most common include four primary types: Stipulated Sum Contract, Cost Plus Contract, Design-Build Contract, and Integrated Project Delivery Contract.

What is a short form construction contract?

A short form agreement is legal document that is used to procure small renovation or construction services from a contractor or construction company. The contract states who the parties are, what work is to be completed, and by what date the project should be done.

What is the difference between a contractor and a prime contractor?

A prime contractor, sometimes also called a general contractor, is responsible for the work on an entire project, so they work consistently on that project for its duration. They hire and lead other contractors, sometimes known as subcontractors, but they are not superior to these subcontractors.

What is the owner and general contractor agreement?

A general contractor agreement helps ensure that the owner and contractor are on the same page before a project begins. Use the Stipulated Fee document if you plan to charge the owner a fixed fee for your work. Use the Cost Plus Fee document if theyll also cover your materials, an expense that could fluctuate.

What is an example of a prime cost in construction?

Examples of Prime Cost Items Examples of Prime Cost Items. Bathroom Fixtures. Kitchen Appliances. Lighting Fixtures. Flooring Materials. Cabinetry. How Prime Cost Items are Applied in Construction. Step-by-Step Explanation.

What is a prime agreement in construction?

A Prime Contract is a legal agreement between contracted parties. In a single, two-party contract, the party financing the construction project is called the client, owner, or principal. The party being paid to ensure completion of work is called the general, primary, or main contractor.

What is the difference between a prime contract and subcontract?

A prime contractor may have experience and even certification in both project management and industry-specific skills, whether they work in technology or construction. Since the subcontractor performs a specific task on the job, they usually have specialized knowledge and certifications or licensure in that field.

What is a prime cost construction contract?

What is a Prime cost contract? In simple terms, if a contract is agreed on a prime cost basis the contractor will be reimbursed the Costs it incurs in carrying out the works, ie labour and materials (including those from sub-contractors), plus a Management fee on top to cover its overheads and profit.

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What is a prime agreement in construction?

What is the difference between a prime contract and subcontract?

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Get the up-to-date Short form prime contract between owner & contractor - AGC - agc-ca 2025 now

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The best way to modify Short form prime contract between owner & contractor - AGC - agc-ca in PDF format online

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Got questions?

What are the 4 types of construction contracts?

What is a short form construction contract?

What is the difference between a contractor and a prime contractor?

What is the owner and general contractor agreement?

What is an example of a prime cost in construction?

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What is a prime agreement in construction?

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