July 2009 - Laserfiche WebLink

Home Browse Search

It Proposal Page 2 of 3 ASHTON CONSTRUCTION LLC 55790 Apple Road Osceola, IN 46561 Phone: (574) 674-9300 FAX: (574) 674-9308 Scope of Work: Contractor shall furnish all labor and material necessary to comply with this contract, including the attached specifications and the designated plans, if required. The foregoing documents, together with any other documents specifically identified in the paragraphs below shall be referred to collectively as the contract documents, and shall constitute the entire agreement between the parties. Assurance of Financing: Buyer represents and warrants to contractor that it now has or will have within thirty (30) days from the date of this contract cash on hand, or a firm commitment for a mortgage loan, in an amount sufficient to pay the entire purchase price and all of buyer's other obligations under this contract, and that it will furnish written evidence thereof to the contractor. In the absence of such written evidence, contractor shall have a discretion to delay construction or cancel this contract and refund the down payment. - Buyer hereby authorizes it's mortgage lender to make payments directly to contractor. Payment of Purchase Price: Buyer agrees to pay contractor the balance of the purchase price and all other monies due under this contract under substantial completion of the work. The making of final payment by buyer shall constitute a waiver of all claims by buyer against contractor, except only those arising from unsettled liens, or agreed punch list items. Changes: Changes in the contract documents are to be made only by written change orders, signed by buyer and approved by contractor. The cost of any changes shall be added to or subtracted from the purchase price as appropriate. Allowances: Dollar amounts designated as allowances are understood to be the contractor's estimate of the cost of the items indicated. If the contractor's actual cost exceeds the allowance, the amount of the excess shall be added to the purchase price. If the contractor's actual cost is less than the allowance, the difference shall be deducted from the purchase price. Exclusive Warranty: Contractor warrants all materials and workmanship for a period of (1) year from the date of closing. Contractor's obligation shall be limited to repair or replacement, in contractor's discretion, of the defect or complaint. This is the sole and exclusive warranty given by the contractor. Permits: Contractor will furnish any applicable building permits and health permits. Insurance: Contractor will provide Builder's Liability Insurance, Builder's Risk Insurance, and Workman's Compensation Insurance for it's employees, and any other insurance required by law.