#2680 @001 Enter the name of the OWNER: @002 Enter the name of the CONTRACTOR: @100 Enter the description of the work to be performed: @101 Enter estimated completion schedule: !102 Enter the contract price: #2681 Do you want to specify materials to be used? #if#2681 @300 List the areas requiring specific materials: @301 Enter material specifications: #endif #2682 Will the contractor pay for permits? #2683 Will contractor be required to name subcontractors? #2684 Will contract be required to provide proof of insurance? #if#2684 !103 Enter insurance limits required (in numerals): #endif #2685/#2686/#2687 Stipulated contract price shall be paid on: 1/3 Rough in;1/3 inspection;1/6;1/6 Weekly draw on per centage of completion Joint checks on materials; 1/3;1/3- 1/6,1/6 on labor #2688 Is contractor required to remove trash? #2689 Is mechanic's lien clause desired? #2690 Is arbitration clause for disputes desired? #2691 Is definition for termination required? #2692 Is attorney's fee clause desired? #2693 #end control section #2680 /* Para. 2680: Contract for remodeling, large */ CONTRACTING AGREEMENT @001, referred to as OWNER, and @002, referred to as CONTRACTOR, agree as follows: CONTRACTOR shall perform the following services for OWNER: @100 on the following estimated schedule: @101 for the following price: $ @102 (!102 dollars) Contractor shall be responsible for the following in addition to the workman like performance of the work stated above: #2681 /* Para 2681: Spec of materials */ The materials used for the following areas: @300 shall meet the following respective specifications, or be equivalent to the following manufacturer's product lines described: @301 #2682 /* Para 2682: Permits */ Provision of all permits required for the services to be performed above. #2683 /* Para.2683: Subs */ CONTRACTOR shall at least 7 days prior to commencement of work provide the names and addresses of all sub-contractors intended to be utilized in the construction. At the time of each payment of any portion of the contract price, the CONTRACTOR shall provide a lien waiver or certificate of payment for all work performed by each sub-contractor. #2684 /* Para 2684: Insurance*/ Provision of worker's compensation insurance, general liability insurance in a minimum amount of $ @103 (!103 dollars). #2685 /* Para. 2685: Draw sked */ The stipulated contract price shall be paid as follows: 1/3 on rough in; 1/3 on first inspection and 1/6 on final inspection and 1/6 on final inspection and completion of all appearance/punch list in items. #2686 /* Para. 2686: Weekly draw based on per centage of completion*/ The stipulated contract price shall be paid as follows: A weekly draw based upon per centage of completion, less a retainage of 10% per cent, which shall be paid on final inspection and completion of appearance/punch list items. #2687 /* Para. 2687: Bills for materials */ The stipulated contract price shall be paid as follows: When bona fide bills for materials are presented the same shall be paid directly by the OWNER within the terms provided. Labor shall be paid as follows: 1/3 on rough in; 1/3 on inspection; 1/6 on completion; 1/6 on final inspection and completion of appearance/punch list items. #2688 /* Para. 2688: Removal of trash */ The CONTRACTOR shall daily remove all trash and debris from the premises. #2689 /* Para. 2689: Ack lien */ The owner acknowledges an express mechanic's lien on the above described real estate to secure the payment of the amounts contracted herein. #2690 /* Para. 2690: Arb */ Any disputes arising out of or related to this agreement shall be arbitrated under the rules of the American Arbitration Association before a single arbiter. #2691 /* Para. 2691: Termination */ This agreement may be terminated by OWNER upon substantial abandonment of the project, defined as at least 3 business days without substantial activity, except delays caused by: a) bona fide weather disturbances; b) strikes; c) shortages of material; d) sub contractor delays not caused by the general contractor; e) governmental delays except those caused by the fault of contractor or subcontractor; or, persistent failure of workmanship to meet high quality standards for which adequate assurance of correction is not provided. #2692 /* #2692: Attorney's fee clause*/ In any disputes related to this agreement, the adjudication body may assess reasonable counsel fees to the prevailing party. #2693 /* Para. 2693--- closer */ This is the entire agreement between the parties and this agreement may only be altered in writing. Dated: _________________________ ____________________________________________________ @001 ____________________________________________________ @002