Construction Contract for Fixed Price with Allowances

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.

Set out the terms and conditions for construction of a residential single-family dwelling with this Short Form Construction Contract for USA building contractors.

• The contractor will furnish labor and materials and build the structure according to the approved plans.
• The owner is responsible for arranging building permits, access to the work site, utilities hook-ups, and compliance with zoning requirements.
• The contract price will be paid in several installments.
• The owner must arrange financing and having the site prepared for construction (surveying, staking, excavation, etc).
• The contract template does not contain any State-specific references or language. Those can be easily added if required.

Writing your project agreements is easy with the USA Short Form Construction Contract. Download the template now.