Construction Contractor Agreement with Late Completion Penalty
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 â„ 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.
This Construction Contractor Agreement with Late Completion Penalty
is an editable MS Word template which can be easily customized to fit your needs.
Last Updated: 14-Apr-2016