Fillable Contract For Building (Page 2 of 3) in pdf

10. Failure to Pay Contractor. The Contractor may stop work and terminate this Contract if the Owner fails

to pay the Contractor any sum within

days after the date fixed for payment. The Owner must then

pay for all work which has been completed, together with the Contractor’s reasonable profits and damages.

11. Fire Insurance. The Owner will adequately insure all buildings as well as any work and materials used in

the buildings against fire. The policy will provide for extended coverage in the names of both the Owner

and the Contractor.

12. Other Insurance.

The Contractor will maintain insurance coverage required under the Worker’s

Compensation Laws of New Jersey. The Contractor will also provide general public liability insurance

protecting the Owner from liability for injuries to persons or property which occur on or about the Property.

The insurance will provide limits of not less than

for injuries to any one person, and

for injuries in any one accident or occurrence, and

for

loss

damage

property. The Contractor will protect the Owner from all claims and liability related to the construction or

repair work.

13. Ownership of Materials. The Contractor will continue to own all materials delivered and work performed

until paid for by the Owner. The Contractor will have access to these materials and work at all reasonable

times.

14. Care of Property. The Contractor will protect the work, materials, property and adjacent property from

damage or loss. The Contractor will also take proper precautions for the safety of the public. The Property

will be kept free of waste, rubbish and surplus materials. The Contractor will leave the Property “broom

clean” before being entitled to the final payment under this Contract. The Contractor will also pay for,

repair or replace any damage or loss caused by the Contractor’s failure to perform this Contract.

15. Permits. The Contractor will obtain all building permits or approvals as required by law. The Owner will

pay for these permits or approvals and cooperate in obtaining them.

16. Payments. The Owner will pay the Contractor according tot he terms of this Contract provided that:

a. Architect’s Certificate. Before each payment, the Contractor will obtain a certificate from the Architect

stating that the work has been done exactly in accordance with this Contract.

b. Releases. Before each payment, the Contractor will obtain releases of liens from all persons who may

claim a lien upon the Property. The Contractor will also state in writing that all persons who did work

have been paid in full.

17. Contractor’s Continuing Liability.

The Contractor will be liable for defective, faulty or improper

materials or workmanship. Upon written demand, the Contractor will immediately remedy all defects,

faults or omissions and complete all unfinished work. The Contractor’s obligations will not be affected by

the issuance of an Architect’s Certificate.

18. Notices. All notices under this Contract must be in writing. The notices must be delivered personally or

mailed by certified mail, return receipt requested, to the other party at the address written in this Contract or

to that party’s attorney.

19. Parties. Both the Owner and the Contractor are bound by this Contract. All parties who lawfully succeed

to their rights and responsibilities are also bound.

20. NOTICE TO OWNER.

a. Do not sign this contract if blank.

b. You are entitled to a copy of the contract at the time you sign.

c. Keep it to protect your legal rights.

Do not sign any completion certificate or agreement stating that you are satisfied with the entire

project before this project is complete.

Home repair contractors are prohibited by law from

requesting or accepting a certificate of completion signed by the owner prior to the actual completion

of the work to be performed under the home repair contract.

21. Signatures. Both parties sign and agree to this Contract. THE OWNER ACKNOWLEDGES RECEIPT

OF A COMPLETELY EXECUTED COPY WITHOU CHARGE.

Contract For Building Page 2

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