Prime Building Contract [Type 1]



THIS AGREEMENT IS BETWEEN:









Contractor's Name:









Contractor's License Number:









Contractor's Address:









Contractor's Telephone/Email/Fax:









A N D









Owner Name:









Owner Address:









Owner 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): _________.









PAYMENT: This is a cash transaction. Owner agrees to pay Contractor a total cash price of $ ______.









DOWN PAYMENT (if any) $ ______.









PAYMENT SCHEDULE as follows:









INTEREST: Overdue payments will bear interest at the rate of _______ % per month.









OTHER TERMS AND CONDITIONS (specify other terms and conditions):









________________________ _______________________





OWNER SIGNATURE DATE









________________________ _______________________





CONTRACTOR SIGNATURE DATE