Construction Subcontractor Contract Sample​

A distinguishing feature of this sub-contract is the absence of retention, a common practice where a percentage of payment is withheld until project completion to ensure satisfactory work. By forgoing retention, the agreement fosters a relationship based on trust and mutual assurance, with all payments made upon the completion of agreed project milestones.

Typically, the Fixed Price Sub-Contract covers detailed terms, including scope of work, timelines, payment schedules, and responsibilities of each party. It serves as a protective measure for both contractor and sub-contractor, outlining clear expectations and reducing the potential for disputes and misunderstandings in legal and financial terms.