Framing Drywall Template

FRAMING & DRYWALL SUBCONTRACT AGREEMENT

This Subcontract Agreement is entered into effective as of between the following parties:

Whereas

WHEREAS, Contractor is the prime contractor for construction work at the Project Address and requires framing and drywall services to complete designated portions of the Work; and

WHEREAS, Subcontractor represents that it possesses the skill, experience, personnel, tools, equipment and licensing necessary to perform framing and drywall services in a competent, workmanlike and timely manner; and

WHEREAS, Contractor desires to retain Subcontractor and Subcontractor agrees to perform such services under the terms and conditions set forth in this Agreement.

Scope of Work

Subcontractor shall furnish all labor, materials, equipment, tools and supervision necessary to perform the framing and drywall work described below. Subcontractor shall perform the Work in accordance with the contract documents provided by Contractor and in compliance with applicable laws, codes and industry standards.

Payment Terms

Contract Price (Total): $ . The Contract Price is the total compensation for all Work performed by Subcontractor under this Agreement, subject to adjustments pursuant to approved change orders.

Deposit or Mobilization Payment: $ . Final payment due upon completion and acceptance, subject to retainage.

Retainage: % of each progress payment may be withheld and released in accordance with the Prime Contract and this Agreement.

Payment Terms: Net days from Contractor's receipt of Subcontractor's properly documented invoice. Subcontractor certifies that all invoices submitted are true, correct and reflect Work performed.

Late Payment: Overdue payments shall accrue interest at the rate of % per month (or the maximum permitted by law) computed from the date payment was due until paid in full. Payments do not relieve Subcontractor of obligations under this Agreement.

Term and Termination

Term Commencement Date: . Anticipated Term Completion Date:

Either party may terminate this Agreement for convenience upon days' prior written notice to the other party. Contractor may terminate for cause with immediate written notice if Subcontractor fails to cure material default within a reasonable cure period or otherwise materially breaches this Agreement.

Upon termination, Subcontractor shall be entitled to payment for Work performed and approved up to the effective date of termination less setoffs for defective work, unpaid claims, or Contractor damages. Subcontractor shall promptly return Contractor property and remove equipment not required to complete remaining Work.

Confidentiality

Subcontractor shall keep confidential and not disclose any proprietary, pricing, design, or contractual information received from Contractor or Owner that is identified as confidential. Confidential information shall be used solely to perform the Work. This obligation does not apply to information that is lawfully known to the public, independently developed, or required to be disclosed by law, provided Subcontractor gives Contractor prompt notice of any compelled disclosure.

Insurance, Indemnity & Compliance

Subcontractor shall maintain insurance coverage customary for framing and drywall contractors, including commercial general liability, workers' compensation and automobile liability, in amounts sufficient to protect Contractor and the Owner. Subcontractor shall provide certificates of insurance upon request and shall name Contractor as an additional insured to the extent required by the Prime Contract.

Subcontractor shall indemnify, defend and hold harmless Contractor and Owner from and against losses, liabilities, damages, claims and expenses (including reasonable attorneys' fees) arising out of Subcontractor's performance, negligence, breach of this Agreement, or failure to comply with laws or safety requirements.

Governing Law

This Agreement shall be governed by and construed in accordance with the laws of the State of without regard to conflict of law principles. Any action arising under this Agreement must be brought in the courts of such state or federal courts located within such state.

Entire Agreement

This Agreement, together with any attachments and approved change orders, constitutes the entire agreement between the parties concerning the Work and supersedes all prior negotiations, representations, and agreements. No modification shall be binding unless in writing and signed by authorized representatives of both parties.

Additional Provisions

Subcontractor represents and warrants that it will comply with all applicable safety requirements and will supervise and direct the Work competently and in a manner consistent with industry practice. Subcontractor acknowledges that it is an independent contractor and not an agent or employee of Contractor.

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