PRIME BUILDING CONTRACT
THIS AGREEMENT IS BETWEEN:
Contractor's Name: ______________________________
Contractor's License Number: ______________________
Contractor's Address:
___________________________________________________
Contractor's Telephone/Fax:
_______________________
_____________________
A N D
Owner’s Name: __________________________________
Owner’s Address: ______________________________________________________
Owner’s Telephone/Fax: ________________________ _______________________
RE PROJECT:
_________________________________________________________
CONSTRUCTION LENDER: Name and address of
construction fund holder is: _____________________________________________________________________
DESCRIPTION OF PROJECT (according to the plans and
specifications, including materials and equipment to be used or installed):
Contractor will furnish all labor, materials and
equipment to construct in a good workmanlike manner:
_____________________________________________________________________
_____________________________________________________________________
WORK TO BE PERFORMED AT:
_____________________________________________________________________
_____________________________________________________________________
TIME FOR COMPLETION: The work to be performed by
Contractor pursuant to this Agreement shall be substantially completed within
___________________ (__) days or approximately on (Date):
_______________________ (month & day), _______ (year).
PAYMENT: This is a cash transaction. Owner agrees to pay Contractor a total cash
price of _________________________ Dollars ($_________).
DOWN PAYMENT: (if any) ______________________
Dollars ($__________).
PAYMENT SCHEDULE as follows:
_____________________________________________________________________
_____________________________________________________________________ _____________________________________________________________________
_____________________________________________________________________
_____________________________________________________________________
_____________________________________________________________________
INTEREST: Overdue payments will bear interest at the
rate of __________________
percent per month.
OTHER TERMS AND CONDITIONS (specify other terms and
conditions):
_____________________________________________________________________
_____________________________________________________________________
_____________________________________________________________________
_____________________________________________________________________
_________________________________ ________________________________
(Owner’s Signature) (Date)
_________________________________ ________________________________
(Contractor’s Signature) (Date)
