Construction Slab Template

CONSTRUCTION SLAB AGREEMENT

This Construction Slab Agreement (the Agreement) is entered into as of between Owner: and Contractor: .

WHEREAS

WHEREAS, Owner desires construction of a concrete slab at the property located at (the Property);

WHEREAS, Contractor represents that it possesses the necessary licenses, experience and capability to furnish labor, materials and equipment for the slab work described herein; and

WHEREAS, Owner and Contractor wish to set forth the terms and conditions governing performance, payment and completion of the slab work.

SCOPE OF WORK

Specifications: Concrete strength (psi) • Thickness: • Reinforcement:

Estimated slab area: square feet. Contractor shall perform all excavation, subgrade preparation, compaction, formwork, concrete placement, finishing, curing, and protection as described in the scope.

PAYMENT TERMS

Contract Price: Owner agrees to pay Contractor the lump sum of $ for the complete performance of the Work, subject to additions and deductions as provided in this Agreement.

Retainage (if any): . Payments shall be due upon invoicing in accordance with the payment schedule above. Invoices unpaid after days shall incur a late fee of of the unpaid balance, compounded monthly, plus reasonable collection costs and attorney fees.

TERM AND TERMINATION

Work Commencement Date: . Estimated Completion Date: .

This Agreement shall commence on the Commencement Date and shall terminate upon final payment and completion of all duties, unless earlier terminated as provided below. Either party may terminate for material breach if the breaching party fails to cure within days after written notice. Owner may also terminate for convenience upon days' written notice, subject to payment for work performed and materials procured to date.

CONFIDENTIALITY

Each party shall hold in confidence and not disclose to any third party any nonpublic technical, financial or business information of the other party disclosed in connection with this Agreement ("Confidential Information"), except as necessary to perform this Agreement or as required by law. Confidential Information does not include information that is or becomes generally known to the public through no fault of the receiving party, was rightfully in the receiving party's possession prior to disclosure, or is lawfully obtained from a third party without restriction. Upon termination or written request, receiving party shall return or destroy Confidential Information and certify such return or destruction upon request.

INSURANCE; INDEMNIFICATION; WARRANTY

Contractor shall maintain and provide evidence of commercial general liability and workers' compensation insurance in amounts customary for concrete construction work. Contractor shall indemnify, defend and hold Owner harmless from claims, damages or liabilities arising from Contractor's negligent performance, except to the extent caused by Owner's negligence.

Contractor warrants workmanship for a period of from completion. This warranty does not cover settlement or damage resulting from movement of soils, drainage changes, or loads in excess of design.

GOVERNING LAW

This Agreement shall be governed by and construed in accordance with the laws of the State of without regard to its conflicts of law principles. Venue for any dispute shall lie in the state or federal courts located in the county where the Property is located.

ENTIRE AGREEMENT

This Agreement constitutes the entire agreement between Owner and Contractor with respect to the Work and supersedes all prior negotiations, proposals, statements and agreements, whether written or oral. Any amendment or modification must be in writing signed by both parties.

NOTICES

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