Construction Contract

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Payment:

1. Client agrees to pay Builder 50% of the total cost at contract signing with the remainder due following
project completion. The total amount due at contact signing is P 9,500.00. The total amount due upon
project completion is P 9,500.00.
2. The Builder agrees to pay a penalty of P 500.00 per day for every day the construction project is overdue
following a 1 day grace period. The penalty applies to delays that are caused by the Builder and under the
Builder’s control. The Builder will not be subject to a penalty for factors that are not under his or her
control, such as actions by the Client or inclement weather.

Warranty:

The Builder agrees to provide the Client with warranty against poor workmanship for a period of 2 months or so
agreed by the parties.

IN WITNESS whereof the parties hereto have caused this Agreement to be executed in accordance with the
laws of the Republic of the Philippines on the day and year first above written.
I.D

I.D

Printed Name, Client Signature, Client Date

Printed Name, Builder Signature, Builder Date