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VISIONS CONSTRUCTION & ROOFING <br /> PROPOSAL <br />1. This document states the entire agreement between the Buyer and Visions construction & Roofing LLC <br />(VCR). VCR HAS MADE NO REPRESENTATIONS, PROMISES, OR WARRANTIES, EXPRESS OR <br />IMPLIED, TO THE BUYER, EXCEPT THOSE, WHICH ARE STATED IN THIS AGREEMENT. <br />2. Should the Buyer, lender, construction lender, or any public body or inspector direst any modification or <br />addition to the work covered by this contract, the contract price shall be adjusted accordingly. <br />Modification or addition to the work shall be executed only when both the Buyer and VCR has signed a <br />contract Change Order. The change in the contract price caused by such contract Change Order shall be <br />as agreed to in writing, or if the parties are not in agreement as to the change in contract price, the VCR’s <br />actual cost of all labor, equipment, subcontracts and materials, plus a VCR’s fee of 15% shall be the <br />change in contract price. The Change Order may also increase the time within which the contract is to be <br />completed. No Extra or Change Order work shall be required to be performed without prior written <br />authorization of the person contracting for the construction of the property improvement. Any Change <br />Order forms for changes or Extra Work shall be incorporated in and become a part of the contract. <br />3. Buyer understands that VCR reserves the right to cancel this Contract upon discovery of the following: <br />VCR won’t be able to secure the specified product ordered by the property-Buyer. <br />4. If this Contract is canceled for any reason beyond 3 business days from the date of the agreement becoming <br />a Binding Contract, Buyer must pay the VCR fifteen percent (15%) of the contract’s total amount as <br />Reparations for liquidated damages. This considered reasonable and acceptable compensation for labor <br />and Actions exhausted on the Buyer’s behalf. This agreement becomes a binding contract upon the <br />signature of Buyer to the attached VCR proposal which includes project amount and payment <br />requirements Any attempt to cancel this contract must be submitted in writing and signed by Buyer. <br />Any other form of communication in an attempt to cancel will NOT be considered acceptable. <br />Once work has commenced, this Contract cannot be canceled for any reason unless both, Buyer and VCR <br />submit a written agreement to do so. <br />5. Buyer(s) and VCR agree that any disputes or claims between the parties, whether arising from tort, the <br />contract or in any way related to this transaction, including but not limited to claims arising under the <br />Consumer Sales Practice Act, shall be settled by Binding Arbitration under the direction and procedures <br />established by the American Arbitration Association, “Commercial Arbitration Rules.” One (1) Arbitrator <br />shall submit any disputes or claim between the parties for determination. The decision of the Arbitrator <br />shall be final and binding upon the parties. The judgment upon the award rendered by the arbitrator may <br />be entered in any Court having jurisdiction thereof. Each Party shall bear the fees and expenses of Counsel <br />and any other costs incurred for the benefit of Such Party. The Parties will share the Arbitrator’s fee <br />equally. All Arbitration Proceedings shall be in Lake County, IL. <br />6. Hazardous Material: Buyer shall disclose any knowledge of hazardous materials (as defined by law) known <br />or suspected. Should hazardous materials be disclosed or discovered after this agreement is signed, then <br />VCR may, at its sole option, terminate this agreement and Buyer agrees to pay for all labor or materials <br />expended or required emergency measures, plus 30% overhead and profit. <br />7. Buyer represents he owns property on which structure is located. Buyer is solely responsible for structure <br />conforming to codes and being constructed within boundary lines. Any work included in this contract <br />assumes that the structure and use of the building is within the present code standards. <br />8. VCR is not responsible for delay or inability to perform caused by acts of God, strikes, war, riots, <br />shortages, weather conditions, public authorities or other causes or casualty beyond its control or due to <br />Buyer’s conduct. Buyer is to carry fire, tornado and other necessary insurance upon the above work. If the <br />work is stopped for 7 days or more by a public authority through no fault of the VCR or through act of <br />neglect of Buyer, then VCR may stop work or terminate this Contract, recover from Buyer payment for all <br />work done as set forth in paragraph 8. <br /> <br /> <br />9. Buyer acknowledges that this Contract may involve ordering of specially made materials, which cannot be, <br />used other than on Buyer’s premises. If Buyer terminates this Contract before VCR has ordered the <br />specially made materials (except in accordance with Buyer’s right to rescind pursuant to law) he shall pay <br />VCR 10% of the Cash Price as liquidated damages and not as a penalty. If buyer terminates this Contract