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Electrical example Form Software
Contracts are written agreements which specify the work to be performed, the amount and timing of payments, and the division of responsibility between the contractor and the customer. General example provisions include the example,general conditions, supplementary conditions, technical specifications, and addenda.
The most common types of contracts are:
1.Fixed Price Contracts — One set price is charged for the entire amount of work tobe performed.These contracts are common on small jobs with standardspecifications and an experienced contractor can price them off the top of his head.
2.Time and Materials Contracts — Payment is based upon direct labor hours at afixed rate plus the cost of materials and other specified costs.The profit margin isbuilt into the labor cost so these contracts are likely to be used on labor intensivejobs.
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