($..........). If he be notified of the acceptance of this proposal within

............days of the time set for the opening of bids he agrees to execute a contract for the above work, for the above stated compensation in the form of the Standard Agreement of the American Institute of Architects. Very truly yours,

.....................................

Suggestions to Architects Using the Above Form of Proposal

The above form includes only such statements as will probably be required in any Proposal. Additions will usually have to be made to it. Suggestions suited to certain conditions are offered in the following notes.

If the bidder is to name the time required for completing the work, insert such a clause as the following: The undersigned agrees, if awarded the Contract, to complete it within......

..........days, Sundays and whole holidays not included.

If liquidated damages are to be required, insert the following:

And further agrees that, from the compensation otherwise to be paid, the Owner may retain the sum of............

dollars ($............) for each day thereafter, Sundays and holidays in-cluded, that the work remains uncompleted, which sum is agreed upon as the proper meanure of liquidated damages which the Owner will sustain per diem by the failure of the undersigned to complete the work at the time stipulated, and this sum is not to be construed as in any sense a penalty.

If a bond is required, insert the following:

The undersigned agrees, if awarded the Contract, to execute and deliver to the

Architect within................days after the signing of the Contract, a satisfactory bond in the form issued by the American Institute of Architects (second edition reissued 1918) and in an amount equal to the contract sum, and further agrees that if such bond be not required, he will deduct from the proposal price the sum of................dollars ($-----

......).

If a certified check is required, the following clause should be inserted:

The undersigned further agrees that the certified check payable to..........

......Owner, accompanying this proposal, is left in escrow with the Architect; that its amount is the measure of liquidated damages which the Owner will sustain by the failure of the Undersigned to execute and deliver the above named Agreement and bond, and that if the Undersigned defaults in executing that

Agreement within............days of written notification of the award of the contract to him or in furnishing the Bond within.............days thereafter, then the check shall become the property of the Owner, but if this proposal is not accepted within............

days of the time set for the submission of bids, or if the Undersigned executes and delivers said Contract and Bond, the check shall be returned to him on receipt therefor.

If alternative proposals are required, they should be set forth, as for example,

Should..................be substituted for................the Undersigned agrees to deduct (or will require the addition of)...............dollars

($............) from (or to) the proposed sum.

If unit prices are required as a part of the proposal, they should be set forth as, for example:

The Undersigned agrees that work added shall be computed at the following prices, and that work omitted shall be computed at........per cent less than these prices.

Concrete foundations......per cubic yard,

Bough brickwork..................per thousand,

Plastering.............per yard.

If the names of subcontractors whom the Contractor proposes to employ are required as a part of the Proposal this requirement should be set forth, as, for example:

In case of obtaining the award the Undersigned will employ, subject to the Architect's approval, subcontractors in each of the several trades selected from the following list (one or more names must be inserted for each trade):

Excavation.........................

Stone Masonry.....................

Brickwork..........................

etc., etc.

Building Contract, Cost plus Basis

AGREEMENT made......................:............................

BETWEEN.......

hereinafter designated as the Owner and......................

hereinafter designated as the Contractor.

WITNESSETH:

1. The Contractor hereby covenants, promises and agrees, to and with the said Owner, for the consideration hereinafter named, within....months from the date hereof, to well and sufficiently perform, and substantially complete and finish the several works required to be performed in connection with

..........................on premises, agreeably to the drawings and specification prepared by.....................

Architects, (said Drawings and Specification being hereby made a part of this agreement) and also to find, furnish and provide such good, proper and sufficient labor, cartage and materials of all kinds whatsoever, as shall be proper, requisite and sufficient for performing, completing and finishing the several works required for said building as shown on said Drawings and as called for in said Specification, as therein and herein provided, and similarly to perform each and every of the General Requirements to such specifications annexed.

All of the foregoing to be done in a proper, skillful and workmanlike manner, to the satisfaction of and under the direction of said........Architects, and to be testified by a written certificate under the hand of the said Architects.

2. The Owner hereby covenants, promises and agrees, to and with the said Contractor, in consideration of the covenants and agreements on the part of the Contractor, herein contained, being strictly performed and kept by the Contractor, as specified herein, to pay or cause to be paid to the Contractor for the works performed by the Contractor hereunder, the sum of the actual net cost to the Contractor of the materials actually furnished and labor and cartage actually performed by it hereunder on and for said building; plus a profit of......per cent.