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.