Construction Warranty by Developer for Strata Units

Are you hiring a contractor to do construction or renovation work to your property? Keep the project on schedule with this Construction Contractor Agreement with Late Completion Penalty.

• The contractor agrees to substantially complete the work by a specified completion date agreed to by both parties.
• If the contractor fails to complete the work by the completion date, the contractor will pay a penalty for each day ⁄ week that the work remains unfinished.
• Alternatively, if the work is completed ahead of schedule, the contractor will be paid a bonus.
• This is a generic (not country specific) legal contract form.