-3-
the complete construction of the home described in the
plans attached hereto and to be built on Lot #30 Perder
Lane, South River Colony, Anne Arundel County, Mary-
land. The lot is not part of this contract.
* * * * * * *
ARTICLE FOUR -- CONTRACT SUM
The Owner [petitioner and Ms. Davis] shall pay to MONA
BUILDERS & DEVELOPERS, INC. for the performance of the
work, subject to additions and deductions by change
order as provided in the General Conditions, in current
funds, the sum of $935,000.00 (Nine Hundred Thirty Five
Thousand Dollars).
ARTICLE FIVE -- PAYMENT
The Contract sum will be paid as follows:
1. Upon ratification of Contract. $ 15,000.00
2. Upon installation of foundation, 1st 159,240.00
floor joists and decking installed.
3. Upon installation of exterior walls, 184,000.00
roof sheathed and interior partitions
framed.
4. Upon rough-ins of plumbing, mechani- 230,000.00
cal and electric, roof shingles in-
stalled and installation of windows
and doors.
5. Upon drywall being finished, exterior 230,000.00
walls completed, and house trimmed
out.
6. Upon plumbing, electrical, mechanical 116,760.00
fixtures installed; kitchen cabinets
installed; flooring installed; paint-
ing completed and approval by Anne
Arundel County inspector.
TOTAL $ 935,000.00
MONA BUILDERS & DEVELOPERS, INC. will adhere to the
lending institution’s draw schedule; MONA BUILDERS &
DEVELOPERS, INC. will be a named party on each draw
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Last modified: May 25, 2011