Professional Documents
Culture Documents
[Your Address]
[City, State, ZIP]
[Email Address]
[Phone Number]
[Date]
[Contractor's Name]
[Contractor's Address]
[City, State, ZIP]
1. Scope of Work:
The Contractor agrees to provide all necessary labor, tools, equipment, and materials
required to complete the construction of the house in accordance with the plans,
specifications, and schedule provided by the Owner.
2. Duration:
The construction project is expected to commence on [Start Date] and be completed by
[Completion Date]. The Contractor shall make reasonable efforts to adhere to the agreed-
upon schedule.
3. Payment Terms:
a. The Owner agrees to pay the Contractor a total amount of [Total Contract Amount] for
the completion of the Project.
b. Payment will be made in installments as follows:
- [Percentage]% of the total contract amount upon signing this Agreement as an advance
payment.
- [Percentage]% of the total contract amount at specific milestones as agreed upon by
both parties.
- The remaining [Percentage]% of the total contract amount upon successful completion
and handover of the Project.
c. The Contractor shall submit invoices for each payment milestone, and the Owner agrees
to make payments within [Number of Days] days of receiving the invoice.
5. Termination:
Either party may terminate this Agreement in writing if the other party fails to fulfill its
obligations under this Agreement. In the event of termination, the Contractor shall be
entitled to payment for work completed up to the termination date.
6. Insurance:
The Contractor shall maintain appropriate insurance coverage, including but not limited to
liability insurance, worker's compensation insurance, and property damage insurance, for
the duration of the Project.
8. Entire Agreement:
This Agreement constitutes the entire understanding between the Owner and the
Contractor and supersedes all prior discussions, negotiations, and agreements, whether oral
or written.
Please sign below to indicate your acceptance of the terms and conditions of this
Agreement.
Note: It is recommended to consult with a legal professional to review and customize this
contract agreement according to your specific requirements and applicable laws in India.