SUBCONTRACT AGREEMENT
This subcontract Agreement is entered into this day
of _____________, (date) in the City of _____________________, State of
____________________.
Subcontractor, ________________________________
hereinafter called "Subcontractor" agrees to provide the following
described labor, materials and construction in accordance with plans and
specifications as may be referred to herein by reference, upon the following
described property:
Owner(s) Name: __________________________
Owner(s) Address: ___________________________
City: ___________________ State: ________________
Zip: _____-_____
Lender(s) Name: _____________________________
Lender(s) Address: _____________________________
City: ___________________ State: ________________ Zip: _____-____
LEGAL AND COMMON DESCRIPTION OF SITE:
__________________________
_____________________________________________________________________.
Prime Contractor, ________________________________,
hereinafter called the "Contractor," agrees to pay to the
Subcontractor for the satisfactory performance of the Subcontractor's work the
sum of _______________________________ ($_______) in accordance with the
following terms and conditions:
DESCRIPTION OF WORK (describe labor, materials and
equipment to be furnished):
______________________________________________________________________
_____________________________________________________________________.
SCOPE OF WORK: All work necessary or incidental to
complete work for the project in strict accordance with this subcontract and
all terms and conditions hereof and as more particularly specified as (in):
_____________________________________________________________________
_____________________________________________________________________.
With the following additions or deletions:
____________________________________________________________________
____________________________________________________________________.
OTHER SPECIAL PROVISIONS:
________________________________________
____________________________________________________________________.
SCHEDULE OF PAYMENT(S):
_________________________________________.
And for extra work, if any, as follows:
______________________________________________________________.
This schedule of payment(s) is strictly construed
and is not conditioned upon Contractor(s) first being paid by owner.
Contractor's obligation to pay Subcontractor when
payments are due is independent of Contractor receiving payment from owner.
TIME AND SCHEDULING WORK: Subcontractor shall not
deliver any materials to the job site or commence work until notified to do so
by Contractor. Subcontractor shall
commence work within ___________ days after written notice from
Contractor. After Subcontractor
commences work, he will then complete the work within approximately ____
working days thereafter subject to excusable delays. Working days are defined as Monday through Friday inclusive,
holidays excluded. Scheduling of work,
as provided for in this subcontract, is based on acceptable industry
standards. The subcontract provision
for price and time included herein shall be void at the option of the subcontractor,
if subcontractor is not called upon to commence work within six (6) months from
the date of the signing of this contract.
Should this situation arise, subcontractor is relieved of any
responsibility to perform under this subcontract agreement and shall be held
harmless by contractor of any liability associated with his refusal to
perform. Any amounts that are not paid
when due shall bear interest at a rate of 1 1/2% per month until paid or the
maximum rate permitted by law, whichever is higher. The Contractor's supervisor of this project shall be the
designated agent for the Contractor.
SOLE AGREEMENT: This Agreement, including all terms
and conditions hereof, is expressly agreed to and constitutes the entire
Agreement as of this date. No other Agreement
or understandings, verbal or written, expressed or implied, are a part of this
Agreement unless specified herein.
IN WITNESS HEREOF the parties have accepted this
Agreement the day and year first above written.
Subcontractor Name: __________________ License Number: ____________
Subcontractor Address: __________________________
City: ______________ State: ______________
Zip: ______ - _____
____________________ ___________________
Subcontractor Signature Title
Contractor Name: _______________ License Number:
_____________
Contractor Address:
_________________________________
City: ___________________ State: _________ Zip: ______ - ____
____________________ ____________
Contractor Signature Title