Construction Contract Sample​

This contract includes a retention clause, a common practice in construction agreements, where a percentage of the payment is held back as a guarantee for the completion of work to a satisfactory standard. Retention serves as an assurance for the main contractor that any defects or quality issues will be addressed by the sub-contractor before the final payment is made.

Overall, the document aims to mitigate risks by specifying terms related to performance, payment schedules, and the handling of disputes. By clearly defining these elements, the contract helps in fostering a transparent and efficient relationship between the main contractor and the sub-contractor.