Project Development Agreement (Page 5 of 5) in pdf

PHASE VII:

CONSTRUCTION CONTRACT

Contractor shall give full diligence to producing an accurate and fair proposal that is in keeping with Project

Definition completed as above.



Basnett Design-Build-Remodel Standards shall describe materials, means, and methods that govern work

performed by Contractor.



Contractor cannot and shall not provide itemized pricing to every variation determined after Interim Pricing.



Contract Price may vary from Interim Budget as it will be based upon finalized Selections and

Specifications which will by then have evolved more completely.



A credit equal to the appropriate portion of the PHASE II Fee and the Construction Commitment Deposit

shall be applied to the Construction Contract deposit.

TERMS AND CONDITIONS

General



Owner may terminate Contractor services at any time with written notice to Contractor and payment for all

services up to the date of Contractor’s receipt of the notice.



All fees, outsourced services, and other charges shall be invoiced upon completion of service or at interim

intervals at the discretion of the Contractor.



Owner grants permission for Contractor to take and utilize photographs of the Project for general use such

as award entries or on Contractor’s website.

II.

Time of Performance

Contractor shall apply due diligence in all matters relating to Project Development, but shall not be held

responsible for delays caused by the actions and/or inactions of others or conditions outside of Contractor’s

control.

ACCEPTANCE

By signing this document, Owner acknowledges agreement to all related terms, and understands that this is

authorizing Contractor to perform the PHASE

services. Subsequent services detailed as above shall

be authorized and performed upon receipt of deposits indicated. Contractor agrees to perform services as

authorized.

The Construction Contract shall be executed as a separate document upon completion of the services above and

mutual agreement of the parties.

_______________________________________________________________________________________

Contractor

Date

_______________________________________________________________________________________

Owner(s)

Date

Page 5 of 5

Project Development Agreement Page 5

Related Articles

Related forms

Related Categories