Preview | Abbreviated Standard Form of Agreement Between Owner and Contractor for Construction Projects of Limited Scope Where the Basis of Payment Is a Stipulated Sum |

Abbreviated Standard Form of Agreement Between Owner and Contractor for Construction Projects of Limited Scope where the basis of payment is a STIPULATED SUM

The Owner and Contractor agree as follows.

ARTICLE 1 THE WORK OF THIS CONTRACT

The Contractor shall fully execute the Work described in the Contract Documents, except to the extent specifically indicated in the Contract Documents to be the responsibility of others.

ARTICLE 2 DATE OF COMMENCEMENT AND SUBSTANTIAL COMPLETION

2.1 The date of commencement of the Work shall be the date of this Agreement unless a different date is stated below or provision is made for the date to be fixed in a notice to proceed issued by the Owner.

(Insert the date of commencement, if it differs from the date of this Agreement or, if applicable, state that the date will be fixed in a notice to proceed.)

Within three (3) days of a fully-executed contract and building permit.

2.2 The Contract Time shall be measured from the date of commencement.

2.3 The Contractor shall achieve Substantial Completion of the entire Work not later than seventy seven (77) days from the date of commencement, or as follows: (Insert number of calendar days. Alternatively, a calendar date may be used when coordinated with the date of commencement. Unless stated elsewhere in the Contract Documents, insert any requirements for earlier Substantial Completion of certain portions of the Work.)

, subject to adjustments of this Contract Time as provided in the Contract Documents.

(Insert provisions, if any, for liquidated damages relating to failure to complete on time or for bonus payments for early completion of the Work.)

ARTICLE 3 CONTRACT SUM

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AGREEMENT made as of the twenty fourth day of January in the year Two Thousand and Six (In words, indicate day, month and year)		This document includes abbreviated General Conditions and should not be used with other general conditions.

B E T W E E N the Owner: (Name, address and other information)		This document has important legal consequences. Consultation with an attorney is encouraged with respect to its completion or modification.
OMTOOL, LTD.
8 Industrial Way Salem,
NH 03079

and the Contractor: (Name, address and other information)		This document has been approved and endorsed by The Associated General Contractors of America.
PRISM BUILDERS, INC.
107 Audubon Road
Building 1 - Suite 19
Wakefield, MA 01880

the Project is:
(Name and location)
INTERIOR RENOVATION
6 Riverside Drive
Andover, MA 01810

the Architect is:
(Name, address and other information)
DESIGN SCIENCE
200 Baker Avenue
Concord, MA 01742