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Back to Forms for 'Real Estate (Development and Management)'.


PRIME BUILDING CONTRACT

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)

 



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