Construction Industry Sub-Contracts - Lump Sum Payment on Completion
The sub-contract templates in this subfolder are suitable for all small scale construction projects. They can be used by a builder or main contractor to engage an electrician, plumber, plasterer, bricklayer or any other type of sub-contractor.
These sub-contracts provide for a one-off payment to be made on completion of the works. Some of the templates make provision for retention to be held by the contractor. The retained amount is paid to the sub-contractor when the defects liability period has expired, so long as the sub-contractor has remedied any defects.
All of the templates include detailed provisions to ensure the parties understand what is expected of them, thus reducing the scope for disputes. Descriptions of the main contract works and the sub-contract works need to be inserted. A timescale is set out for completion of the works and the agreement lists the day-to-day obligations of the contractor and sub-contractor. The sub-contracts have clauses dealing with payments to the sub-contractor, the sub-contractor’s liability and insurance.
In other folders we have construction sub-contract templates providing for payment in instalments and more robust templates for larger projects.
These Construction Industry Sub-Contracts - Lump Sum Payment on Completion are part of the Business Documents Folder. Just £35.00 + VAT will provide you with 1 year's unlimited access to download all/any documents from the Business Folder.