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STANDARD FORM OF AGREEMENT BETWEEN CONTRACTOR AND OWNER THIS AGREEMENT made the 5th day of July ;1"} the year Nineteen Hundred anrl ninety-four by and between J. C . Construction hereinafter called the Contractor, anrl Kennard Gibbons hereinafter called the Owner, Witnesseth, that the Contractor and the Owner for the considerations named agree as follows: ARTICLE 1. SCOPE OF THE WORK The Contractor shall furnish all of the materials and perform all of the work shown on the Drawings and described in the Specifications entitled blueprints prepared by Towson-Rogers Eng. , acting as and in these Contract Documents entitled the Architect, and shall do everything required by this agreement, the general conditions of the Contract, the Specifications and the Drawings. ARTICLE 2. TIME OF COMPLETION The work to be performed under this Contract shall be commencerl wi thin ten days of permit And shall be substantially completed within 120 days of permit date. If draw payments are not made in a timely manner, construction will be delayed. ARTICLE 3. THE CONTRACT SUM The Owner shall pay the Contractor for the performance of the Con tract, subject to additions and deductions provided therein, in current funds as follows: $34,500.00 (Thirty-four thousand, five hundred dollars and nojlOO-) (State here the lump sum amount, unit prices, or both, 81 desired) Authorized Change Orders will be submitted by the Contractor for all work not specifically included in this Contract. ARTICLE 4. PROGRESS PAYMENTS Down payment ~1i..rst draw Second draw Third draw Fourth draw 15% 20% 25% 20% 20% $5,175.00 6,900.00 8,625.00 6,900.00 6,900.00 (Insert here any provision made for the amount retained after the work reaches a certain stage of completion,) ARTICLE 5. ACCEPTANCE AND FINAL PAYMENT Final payment shall be due wi thin 10 days after substantial completion of the work provided the work be then fully completed and the Contract fully performed. ARTICLE 6. THE CONTRACT DOCUMENTS The General Conditions of the Contrac~, the Specifications and the Drawings, together with this Agreement, form the Contract, and they !ire as f~lly a part of the Contract as if hereto attached or herein repeated. The following is an itemization of other essential pertinent mformation: Exterior walls painted only. Interior walls around bathrooms metal stuc with sheetrock with one coat of paint. Standard white fixtures with one handicap toilet in each bathroom. No wall tile or floor covering in building. Ceiling tile 9 x 9. Roofing - 20 yr. fiberglass shingles. All impact fees are to be paid by the owner. Building p~rmit will be paid by the builder. No air conditioning work is included in this contract. ~9..-6~ Owner ~1 y(2~ 2 contratJ ..&iiM.IHOLE FORM 415