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SUBCONTRACT AGREEMENT

 

This subcontract Agreement is entered into this ______ day of _____________, ____.

Subcontractor, ________________________________, agrees to provide the following described labor, materials and construction in accordance with plans and specifications as may be referred to herein by reference, upon the following described property:

Owner Name: __________________________

Owner Address: ___________________________

City: ___________________ State: ________________ Zip: _____-_____

Lender Name: _____________________________

Lender Address: _____________________________

City: ___________________ State: ________________ Zip: _____-____

LEGAL AND COMMON DESCRIPTION OF SITE: 

Prime Contractor, ________________________________, agrees to pay to the Subcontractor for the satisfactory performance of the Subcontractor's work the sum of ____________________ ($_______) in accordance with the following terms and conditions:

DESCRIPTION OF WORK:

(describe labor, materials and equipment to be furnished)

OTHER SPECIAL PROVISIONS:

SCHEDULE OF PAYMENTS: 

This schedule of payments is strictly construed and is not conditioned upon Contractor first being paid by owner.

Contractor's obligation to pay Subcontractor when payments are due is independent of Contractor receiving payment from owner.

TIME AND SCHEDULING WORK: Subcontractor shall not deliver any materials to the job site or commence work until notified to do so by Contractor. Subcontractor shall commence work within ___________ days after written notice from Contractor. After Subcontractor commences work, he will then complete the work within ____ working days thereafter subject to excusable delays. Working days are defined as Monday through Friday inclusive, holidays excluded. Scheduling of work, as provided for in this subcontract, is based on acceptable industry standards. The subcontract provision for price and time included herein shall be void at the option of the subcontractor, if subcontractor is not called upon to commence work within six (6) months from the date of the signing of this contract. Should this situation arise, subcontractor is relieved of any responsibility to perform under this subcontract agreement and shall be held harmless by contractor of any liability associated with his refusal to perform. Any amounts that are not paid when due shall bear interest at a rate of _______% per month until paid or the maximum rate permitted by law, whichever is higher. The Contractor's supervisor of this project shall be the designated agent for the Contractor.

SOLE AGREEMENT: This Agreement, including all terms and conditions hereof, is expressly agreed to and constitutes the entire Agreement as of this date. No other Agreement or understandings, verbal or written, expressed or implied, are a part of this Agreement unless specified herein.

IN WITNESS HEREOF the parties have accepted this Agreement the day and year first above written.

Subcontractor Name: __________________ License Number: ____________

Subcontractor Address: __________________________

City: ______________ State: ______________ Zip: ______ - _____

______________________________________

Subcontractor Signature

Contractor Name: _______________ License Number: _____________

Contractor Address: _________________________________

City: ___________________ State: _________ Zip: ______ - ____

________________________________

Contractor Signature

 

 

Warning:

These forms are provided AS IS. They may not be any good. Even if they are good in one jurisdiction, they may not work in another. And the facts of your situation may make these forms inappropriate for you. They are for informational purposes only, and you should consult an attorney before using them.

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