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P OCK Peacock & Company Standard Policy • AND COMPANY All work shall be completed in a workmanlike manner according to standard building codes and practices. All labor and materials are fully warranted for two years from completion and final payment. AU alterations or changes to the above proposal involving additional costs, including changes at the owner's request or hidden structural elements, mechanical deficiencies, or items that do not meet code shall be executed only upon the signing of a written change order by the customer agreeing to pay additional costs. Please be aware that hidden structural defects uncovered during the demolition phase must be repaired for project completion. Additional labor will be billed at $45.00 per hour; materials and subcontractors at cost plus 30% to cover handling, arrangement and coordination. The terms of any change order(s) may not coincide with the terms of the original agreement, while it is treated as an addition to the original agreement. Any excess, allowance items that are non -returnable, special order items will be included in allowance totals. This usually occurs when an item needs to be rounded up to a case quantity (as is common with tile). Final balance upon completion payment overrides small, speciallcustom ordered items that are not received at the time of final invoice. An interest rate of 2% will be applied toward all unpaid balances (24% APR). The customer is responsible for the cost of moving any utilities (electric, gas lines, meters) or • installed systems (burglar alarms, sprinklers, etc.) if required unless exactly noted in the attached proposal. All agreements are contingent upon weather, strikes, accidents or delays beyond our control. While we pride ourselves on remaining on schedule, please be aware that this is not always possible. The customer is responsible to carry fire, tornado, and other necessary insurance. All Peacock & Co. employees are fully covered under Workman's Compensation Insurance. During the course of the project we may be taking pictures and we would like permission to use them in our display books and marketing efforts. We would also like to put up a "PEACOCK & CO." yard sign. The sign is designed to help inspectors, delivery trucks and subcontractors to locate the site, thus avoiding unnecessary delays. The sign also allows us to let passersby know just how proud we are of the work we do and that you have entrusted us to work on your home. Indiana Code 32-27-3 section 12. (a). states that the following notice must be conspicuous and may be included as part of the underlying agreement signed by the homeowner. "IC 32-27-3 contains important requirements you must follow before you may file a lawsuit for defective construction against the contractor or builder of your home. Sixty (60) days before you file your lawsuit, you must deliver to the contractor or builder, a written notice of any • Initial Date