Are you hiring a contractor to do construction or renovation work to your property? Write up a
Construction Contractor Agreement with Penalty for Late Completion with this easy-to-use template.
- 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 ⁄ week that the work remains unfinished.
- Alternatively, if the work is completed ahead of schedule, the contractor will be paid a bonus.
This
Construction Contractor Agreement with Penalty for Late Completion template is available in MS Word format, and is fully editable to fit your specific circumstances.