Sample Agreement Layout for Construction
I. Introduction
This Construction Agreement ("Agreement") is made and entered into as of [Date] by and between [Party A], with a principal office located at [Address] ("Owner"), and [Party B], a construction company organized under the laws of [State], with a principal office located at [Address] ("Contractor").
II. Scope of Work
1. Description of Work
The Contractor shall perform the construction work as described in Exhibit A ("Work"). The Work shall be completed in accordance with the terms and conditions outlined in this Agreement.
2. Project Timeline
The Contractor agrees to commence the Work on [Start Date] and complete the Work by [Completion Date], unless otherwise agreed upon in writing by both parties.
3. Changes to Work
Any changes to the Work must be mutually agreed upon in writing by both parties. Such changes may require adjustments to the project timeline and/or compensation to the Contractor.
III. Compensation
1. Payment Terms
The Owner agrees to pay the Contractor the total sum of [Total Amount] for the completion of the Work. Payment shall be made according to the Payment Schedule outlined in Exhibit B.
2. Retainage
The Owner shall retain [Retainage Percentage]% of each progress payment until the final acceptance of the Work is completed.
IV. General Provisions
1. Warranty
The Contractor warrants that all Work performed under this Agreement shall be free from defects for a period of [Warranty Period] from the date of completion.
2. Indemnification
Each party agrees to indemnify, defend, and hold harmless the other party from any and all claims, damages, or liabilities arising from its breach of this Agreement.
3. Governing Law
This Agreement shall be governed by and construed in accordance with the laws of the State of [State], without regard to its conflict of law provisions.
V. Signatures
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first above written.
[Your Name]
Party B
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