Printable Contracts

   Time And Materials Construction Contract

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Time and Materials Construction Contract

This agreement is made on {date} between {Company}, hereafter "Company," and {Contractor}, hereafter "Contractor," regarding the {Project Name} (hereafter "Project") construction project:

The Project will begin on {date}.

The Project will include/incorporate the following elements and restrictions:

The Company will pay the Contractor {hourly rate} for billable hours. Billable hours include {billable activities}. It does not include: {non-billable activities}. The Company will not pay labor rates after {number} hours unless the Company and Contractor agree on additional hours for changes or unexpected obstacles.

The Company will pay the Contractor {amount} for materials.

Time and materials shall not exceed {amount} and {date}. If they do, the Contractor will be responsible for costs.

Any and all changes must be agreed upon by the Company and Contractor in writing.

_____________________________________
(Company)

_____________________________________
(Date)

_____________________________________
(Contractor)

_____________________________________
(Date)

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