The Model 700 has a bolt action which is manually operated and contains 2 forward lugs (dual-opposed). It has a lower bolt face which completely encloses the cartridge base. The extractor sits inside the bolt face as a C-clip. The ejector of the bolt face acts as a plunger which needs a coil spring to activate it. The bolt is constructed with 3 brazed pieces; the bolt handle, head, and body. Circular cross-section steel is used to mill the receiver.

There are many variations of the Remington 700. The bolt body has 2 lugs that are symmetrical and a diameter that is 17.65 millimeters. The lock time of the long action is approximately 3.2 milliseconds.

Different magazine configurations can be added to the Remington 700. You can add a blind magazine (which is a magazine without a floorplate), a detachable box magazine, or a standard magazine that does have a floorplate. Some versions are made for consumer use while others are made for police and military use. In some versions, there will be accessories like bipods and slings included with them.

Standard Model 700 Variants

One Remington variant of the Model 700 is their Mountain LSS model. This contains a barrel made from stainless steel and a stock that is laminated. Another variant is the Remington 700 SPS Varmint which contains a heavy barrel and laminated stock. This model is made specifically for hunting varmint. For a while, the most affordable 700 model was the 700 ADL, but this would eventually get replaced by the Model 700 Special Purpose Synthetic (SPS).

Since 1996, the Remington 700 ML rifle has been produced. This is a rifle which gets loaded at the muzzle. In 2000, the Remington 700 EtronX had the electronic primer ignition system built into it. However, this model and the EtronX primers only lasted on the commercial market for 3 years before their production was stopped. The model was simply not a success.