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McShane Construction Company, Inc. Building Specifications <br /> February 28, 2007 -7 <br /> Name: Main St. Village Phase II <br /> CONTRACT PRICE: <br /> GENERAL CONDITIONS: <br /> 1. All work to be done in a good and workmanlike fashion according to attached plans <br /> and specifications in compliance with the Massachusetts State Building Code. <br /> 2. All changes/extras made subsequent to the signing of this contract are to be approved <br /> in writing, subject to the tenns and conditions of Additional Work Authorization <br /> order(s). All changes and extras are priced at cost (time and materials)plus 20%, <br /> unless specifically quoted; to be paid at time incurred. <br /> 3. Plans provided by builder are the exclusive property of the builder. Payment drafting <br /> fees beyond $500 is the owner's responsibility. Hourly drafting fee is $75 per hour. <br /> 4. Incomplete items at time certificate of occupancy is issued will be identified at time of <br /> walk through inspection and itemized on a punchlist. Each item will be assigned a <br /> mutually agreeable valve and Owner's attorney will hold 125% of that valve in escrow. <br /> As each item is completed,builder will receive payment for that item. <br /> APPROVAL: McShane Construction Co., Inc. <br /> By <br /> BUYER John J. McShane <br /> President and Treasurer <br /> Date <br /> Initials: Contractor: <br />