Free 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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