Home Improvement 101: Sample Contract

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Home Improvement 101: Sample Contract

Agreement Form To Build Addition as a Contract Bid

Date:

AGREEMENT FORM TO BUILD ADDITION
(Contract Bid)

CONTRACTOR:

OWNER:
DATE:

OWNER IS OR SHALL BECOME FEE SIMPLE OWNER OF A TRACT OR PARCEL OF LAND KNOW OR DESCRIBED AS:____________________________________.
________________________ HEREBY AGREES TO CONSTRUCT ADDITION ONTO THE ABOVE DESCRIBED HOME ACCORDING TO THE PLANS AND SPECIFICATIONS IDENTIFIED AS ________________________ PLANS AND SPECIFICATIONS.
Owner shall pay the Contractor for the construction of the said house cost $__________.
Prior to commencement hereunder, owner shall secure or has secured financing for the construction of the said home in the amount of cost $_________ which loan shall be disbursed from time to time as construction progresses, subject to a hold-back of no more than 20%. Owner hereby authorizes Contractor to submit a request for draws in the name of Owner under such loan up to the percentage completion of construction and to accept said draws in partial payment hereof if needed.
The Builder shall commence construction as soon as feasible after closing of the construction loan and shall pursue work to a scheduled completion on or before 4 months from commencement, except if such completion shall be delayed by unusually unfavorable weather, strikes, natural disasters, unavailability of labor or materials, or changes in the plans or specifications.
The Builder shall build the residence in substantial compliance with the plans and specifications and in a good and workmanlike manner, and shall meet all building codes. Contractor shall not be responsible for failure of materials or equipment not Contractorâ��s fault. Except as herein set out, Brands Construction shall make no representations or warranties with respect to the work to be done hereunder.
Owner shall not occupy the addition portion of the residence and Contractor shall hold the keys until all work has been completed and all monies due Brands Construction have been paid.
Owner shall not make changes to the plans or specifications until such changes shall be evidenced in writing, the costs, if any, of such changes shall be set out, and the construction lender and Contractor approve of such changes. Any additional cost thereof shall be paid in advance, or payment guaranteed in advance of the work being accomplished.
Contractor shall not be obligated to continue work hereunder in the event Owner shall breach any term or condition hereof, or if for any reason the construction lender shall cease making advances under the construction loan upon proper request thereof.
All personal belongs in work areas will be moved by home owners and if left contractor is not liable for damages. We also understand that our Utility Bills may be higher during construction and agree to provide utilities including but not limited to water, electricity, heat and bathroom access as possible.
Any additional or special stipulations attached hereto and signed by the parties shall be and are made a part hereof.

Builder/ Contractor: __________________________(seal)

Owners:____________________________________(seal) ___________________________________________(seal)
Date:______________________________________

Sample Contract:

Please Verify All Legal Contract Aspects With Your Law Firm. We are in no manner responsible for your use of this content and additional stipulations may be needed in areas.

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