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Partial payments are made within 10 days after notice of milestone completion submitted by the contractor, and each milestone lists a specific scope of work.",{"name":70,"@type":61,"acceptedAnswer":71},"What happens if payments are not made on time?",{"text":72,"@type":64},"The contractor may stop work and keep the project idle if payments are not made when due. 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The effective date of this Construction Contract will be the last date of signature below.\u003Cbr>OWNER Mark James Alfonsio |  |  |\n| CONTRACTOR |  | Carlo Alexia |\n| This Construction Contract, along with incorporated terms and conditions agreed to between the Parties CONSTRUCTION] by Contractor for Owner. | documents referenced herein, sets forth the relating to construction of [TYPE OF |  |\n| TYPE OF CONSTRUCTION |  | Residential building construction |\n\n\n| TERMS AND CONDITIONS |  |\n| --- | --- |\n| Article 1 – Parties and Property |  |\n| 1.1. Owner is [OWNER] is [OWNER TYPE], the legal owner of the property on which construction will be completed under this Construction Contract, with contact information as follows –\u003Cbr>OWNER Mark James Alfonsio |  |\n| OWNER TYPE | Project Owner |\n| OWNER ADDRESS | Kansas, USA (39 .011902, -98.4842465) |\n| OWNER PHONE | (555)555-4321 |\n| OWNER EMAIL | [mja@gmail.com](mja@gmail.com) |\n| 1.2. Contractor is [CONTRACTOR] is a duly licensed general contractor in good standing, License \\#[LICENSE NUMBER], with contact information as follows\u003Cbr>CONTRACTOR Carlo Alexia |  |\n| LICENSE NUMBER | 9428113C |\n| CONTRACTOR ADDRESS | Kansas, USA (39 .011902, -98.4842465) |\n| CONTRACTOR PHONE | (555)555-5689 |\n| CONTRACTOR EMAIL | carlo_alexia@constructioncontr[act.com](act.com) |\n| 1.3. The site for the construction to be completed under this Construction Contract is as follows |  |\n| SITE STREET ADDRESS | Independence, KS 67301, USA (37 .2242358, -95.7083131) |\n| LEGAL DESCRIPTION\u003Cbr>House residential construction (2-storey with balcony) |  |\n| (hereinafter “Property”) .\u003Cbr>1.4. Construction Project shall mean the work that Contractor (and/or Contractor’s agents) are obligated to perform for Owner as detailed within the following plans and specification documents which are incorporated herein by reference\u003Cbr>PLAN DOCUMENT(S) blue print of the proposed plan |  |\n| Attach photo documents |  |\n\nAttach photo documents  \n\n| Article 2 – Compensation |  |\n| --- | --- |\n| 2.1. In consideration for the work performed by Contractor on the Construction Project, Owner will pay to Contractor the total sum of $[TOTAL PROJECT COST], according to the milestones set forth below, and subject to modification on account of any change orders to the scope of work made by the Parties according to the terms of this Construction Contract.\u003Cbr>TOTAL PROJECT COST $20,403.00 |  |\n| 2.2. Upon completion of the scope of work designated in the following milestones, partial payments will be made by Owner to Contractor within 10 days of notice of milestone completion submitted by Contractor to Owner, subject to any applicable dispute provisions in this Construction Contract\u003Cbr>2.2.1. Milestone 1 . Upon completion of the following scope of work, Contractor will be entitled to payment of [Milestone payment]\u003Cbr>MILESTONE PAYMENT |  |\n| MILESTONE PAYMENT 1 |  |\n| MILESTONE PAYMENT | $5,000.00 |\n| SCOPE OF WORK | demolition |\n| MILESTONE PAYMENT 2 |  |\n| MILESTONE PAYMENT | $8,000.00 |\n| SCOPE OF WORK | slab construction |\n| MILESTONE PAYMENT 3 |  |\n| MILESTONE PAYMENT | $3,000.00 |\n| SCOPE OF WORK | wall and flooring construction |\n| MILESTONE PAYMENT 4 |  |\n| MILESTONE PAYMENT | $2,000.00 |\n| SCOPE OF WORK | roof construction |\n| MILESTONE PAYMENT 5 |  |\n| MILESTONE PAYMENT | $2,403.00 |\n\nSCOPE OF WORK electrical and indoor finishing  \n\n| 2.3. Contractor will have the right to stop work and keep the Construction Project idle if payments are not made t","cbCaiazUN0GxlcDS","https://ap.wps.com/l/cbCaiazUN0GxlcDS","pdf",49842,8,"English","# Construction Contract Agreement Template\n## Article 1 – Parties and Property\n## Article 2 – Compensation\n## Article 3 – Contingencies, Commencement, and Completion\n## Article 4 – Change Orders","[{\"question\":\"Who are the parties in this Construction Contract Agreement Template?\",\"answer\":\"The agreement is entered into between the OWNER and the CONTRACTOR, collectively referred to as the “Parties.” It also requires the owner’s and contractor’s contact details and identifies the contractor as a duly licensed general contractor.\"},{\"question\":\"How does the contract handle compensation and milestone payments?\",\"answer\":\"Owner pays the total project cost to the contractor based on milestones. Partial payments are made within 10 days after notice of milestone completion submitted by the contractor, and each milestone lists a specific scope of work.\"},{\"question\":\"What happens if payments are not made on time?\",\"answer\":\"The contractor may stop work and keep the project idle if payments are not made when due. If payment remains unpaid beyond the stated stop period, the owner is deemed in default and the contractor may make a final demand and pursue legal remedies if not cured within the last-chance period.\"}]","Construction Contract Agreement Template - SafetyCulture | PDF"]