-4-
check. The above is our standard draw schedule. We
would prefer 8 to 10 draw payments due to the amount of
the contract.
ARTICLE SIX -- CHANGE ORDERS
1) Every custom home has a few change orders. As the
project evolves, you will probably want to make
some changes. That’s one of the great opportuni-
ties you have by custom building. The Project
Manager is available to discuss any changes you
consider. On average, change orders amount to 4-
9% of the Proposal Price. We suggest you plan
accordingly.
* * * * * * *
6) Please note, a fee of 15% for overhead and profit
will be added to the actual and/or estimated cost
for all change orders. The fee is waived for
change orders that result in a credit. [Handwrit-
ten addition.] Upon substantial completion of the
Contract, all amounts due to Owner as a credit
shall be increased by 10% for reimbursement to
Owner of overhead and profit previously included
in the contract sum.
* * * * * * *
ARTICLE ELEVEN -- MONA BUILDERS & DEVELOPERS, INC.
11.1 MONA BUILDERS & DEVELOPERS, INC. shall supervise
and direct the Work, using best skill and attention.
MONA BUILDERS & DEVELOPERS, INC., shall be solely
responsible for all construction means, methods, tech-
niques, sequences and procedures for coordinating all
portions of the Work under the Contract.
* * * * * * *
11.3 MONA BUILDERS & DEVELOPERS, INC. shall at all
times enforce strict discipline and good order among
employees, and shall not employ on the Work any unfit
person or anyone not skilled in the task assigned to
him.
* * * * * * *
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Last modified: May 25, 2011