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Prime Building Contract (Type A)
THIS AGREEMENT IS BY AND BETWEEN:
Contractor's License Number:
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):