Contractor Project Recap

CONTRACTOR PROJECT RECAP

Client Name:

Contractor Name:

Recitals

WHEREAS, the Client engaged the Contractor to perform certain construction, repair, installation or consulting services described in an agreement dated , (the Agreement);

WHEREAS, the parties desire to set forth a written recap summarizing the work performed, payments made, outstanding amounts, and final conditions of the Project identified as "" located at .

WHEREAS, this Contractor Project Recap (Recap) memorializes final scope items, change orders, financial reconciliation and acceptance or outstanding remedial obligations.

Scope of Work

Payment Terms

Total Contract Amount:

Final Invoice Number:

Outstanding Balance:

Payments due within days of invoice. Late payments shall incur interest at the rate of % per month or the maximum permitted by law, whichever is less.

Term and Termination

Contract Start Date:

Contract Completion Date (if applicable):

Either party may terminate this Recap for material breach if the breaching party fails to cure within days after written notice. Termination shall not relieve the Client of obligation to pay for work performed to date, including any reasonable demobilization costs.

Confidentiality

The Contractor and Client each agree to maintain as confidential all trade secrets, proprietary plans, bid information, pricing breakdowns, and other non-public information learned in the course of the Project (Confidential Information). Confidential Information shall not be disclosed except as required by law or with prior written consent.

Return of Materials: Upon final payment or termination, each party shall promptly return or destroy the other party's Confidential Information, and certify such return or destruction in writing if requested.

Acknowledgement of Confidentiality: I acknowledge and agree to the Confidentiality provisions above.

Governing Law

This Recap shall be governed by and construed in accordance with the laws of the state of , without regard to conflict of laws principles. Venue for any dispute shall be in the state or federal courts located in that state.

Entire Agreement

This Recap, together with the underlying Agreement and any authorized change orders expressly referenced herein, constitutes the entire agreement between the parties with respect to the subject matter and supersedes all prior or contemporaneous oral or written agreements, representations and warranties. No modification of this Recap shall be effective unless in writing and signed by authorized representatives of both parties.

Certifications

The undersigned certify that, to the best of their knowledge: (a) the Scope of Work described above accurately reflects the work performed and any approved change orders; (b) payments set forth in this Recap reconcile with the Contractor's final invoices; and (c) any outstanding items or punch list requirements are described above or attached as an addendum.

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