1997 EDITION AIA DOCUMENT | Al11-1997 Standard Form of Agreement Between Owner and Contractor where the basis for payment is the COST OF THE WORK PLUS A FEE with a negotiated Guaranteed Maxinnunt Price AGREEMENT made as ofthe 7h in the year 2008 (in wants indicate day, month aud year} BETWEEN the Owner: (Samu, aes: end other information) Park Condominiums 3614 Montrose Blvd. Houston, Tx. 77006 Frank Cario ~ 713-529-3663 and the Contractor: (Nine, aes id other information) Basic Builders Inc 10118 Talley Lane Houston, Tx. 77041 Don Baer ‘The Project is: (Nne ad address) Park Condominiums 3614 Montrose Blva. Houston, TX. 77006 ‘The Architect is: Nami, ales and othe information) ‘The Ovener and Contractor agree a falls ‘Copy 126,195, 195,158, 1961, 1969, 16 fepeadxtion of he mater erin or sb day of 178, 1975, 1957, © 1997 by The American fal quotation a ts porns witha ween parmsion of he I, oats the copyright awe of the Uoited States and wil subject the wlaor olga procacuon, ‘WARRING: Untamed photocopying wats US copyright Ins Sod wil bj he vier olga prosecution, October This document has impor tant legal consequences Consultation with an attorney is encouraged with respeet to its complation or modification This document isnot Intended for use in competitive bidding AIA Document A201-1997, General Conditions of the Contract for Construction, is adopted in this document by reference. This document has been approved and endorsed by The Associated General Contractors of America, 1297 aIn@ [AIA DOCUMENT AMT-1997 ‘OWNER. CONTRACIOR GREEMEN we American Inst of Architects 1735 Ree ek Avan, H.W. washington, 0.¢. 20008-5282ARTICLE 1 THE CONTRACT DOCUMENTS The Contract Documents consist of this Agreement, Conditions of the Contract (Generah Supplemeniary and other Conditions}, Drawings, Specifications, Addenda issued prior to execution of this Agreement, other documents listed in this Agreement and Modifications issued ater executinn ofthis Agreements these form the Contract, and areas fully part of the Contract as if allached to this Agreement of repeated herein. ‘The Contract represents the entire and integrated agreement between the patties hereto and supersedes prior negotiations, ropresenta- tions or agreements, either vit af the Contract Documents, other than Modifications, appears in Article 3. IF anything in the other Contract Ducuments is inconsistent with this Agreement, this Agreement shall govern, ‘or oral, An enumerat ARTICLE 2. THE WORK OF THIS CONTRACT ‘The Contractor shall fully exeeule the Work described in the Contract Documents, except to the extent specifically indicated in the Contract Dacuments to be the responsibility of others, ARTICLE 3 RELATIONSHIP OF THE PARTIES ‘The Contractor accepts the relationship of trust and confidence established by this Agreement ints with the Owner to cooperate with the Architect and exercise the Conteactor's skill and judgment in furthering the interests of the Owner; to furnish efficient business administration and supervision; to furnish at all times an adequate supply of workers and ‘materials; and fo perform the Work in an expeditious and economical manner consistent with the Ovaer’s interests. The Owner agrees to furnish and approve, in a timely manner, information required by the Contractor and to make payments to the Contractor in accordance with the requirements of the Contract Documents, and cover ARTICLE 4 DATE OF COMMENCEMENT AND SUBSTANTIAL COMPLETION 41 The date of commencement of the Work shall he the date of this Agreement unless @ different date is stated below or provision is made for the date to be fixed in a notice to proceed issued by the Owner, (nsert te date of commencement if differs from the date of this Atveemst on if applicable, sate that the date wil be fixed i a noice 10 yee.) The date will be fixed in a notice to proceed. If, prior to commencement of the Work, the Owner requires time to file mortgages, mechanic's liens and other security interests, the Owner's time requirement shall be as Follows N/A 42° ‘The Contract Time shall be measured ftom the date of commencement. e198 sing ‘AIA DOCUMENT AIn-1997 owen. contaacton AGREEMENT ‘he American neue of architects 1735 News York Avonve, MA ‘washington. D.C, 200085292 ‘WARNING: Unlicensed photocopying vclses U.S. copy: a laws ond wAl abject the violator 10 lage! prosecution.43 The Contractor shall achieve Substantial Completion of the entite Work not later than Unknown days from the date of commencement, oF as follows: lansort nuniber of calentar days Akernatvely, a calendar date wy be used when coortiated withthe date of conunenement, Unless sted elsewhire in the Contract Dacinnenls insert any requirements fir earlier Substantial Completion of certain portions ofthe Work.) To be determined subject to adjustments of this Contract Time as provided in the Contract Documents Utne provisions if amy for liquids aages ling tofu to camps on tne, for boas paynons so arly competion ofthe Work) ARTICLE 5 BASIS FOR PAYMENT 51 CONTRACT SUM. 521 ‘The Owner shall pay the Contractor the Contract Sum in current funds for the Contractor's performance of the Contract. The Contract Sum is the Cost of the Work as defined in Article 7 plus the Contractor's Fee, 512 ‘The Contractor's Fee iss 15% {State a hump sun, perce of Cost of the Work orate provision for detemining the Contracts Fy aid describe the muted of adjust ofthe Contractor's Fo for changes inthe Work.) 5.2. GUARANTEED MAXIMUM PRICE 521 Thesum of the Cost ofthe Work and the Contractor's Fee is guaranteed by the Contractor nollowceed Ynknown at this time Dollars & ), subject to auditions and dedictions by Change Order as provided in the Contract Documents, Such maximum sun is referred to in the Contract Documents as the Guaranteed ‘Maximum Price, Costs which would cause the Guarantesd Maximum Price to he exceeded shall be paid by the Contractor without reimbursement by the Owner Alnor specific provisions if the Contactor is ta participate i any savings) 52.2 The Guaranteed Maximum Price is based on the following altesnates, if any, which are dlescribed in the Contract Documents andl are hereby accepted by the Owner Ris boc en As (State the mumhers or other édentiication of accepted altrnates. If dvisions om oer allemates are ta Be male one conrnactow lo the One subsognont tothe execution ofthis Agreement attach a schedule of such other alternates shoncing ReRteMENT ‘the amon for scl aud the date when the anc expires) 01997 sine The American insite of architect 1735 New York Avenue, iashington, © 20006-5252 ‘Wann: Unbcensed photocopying wolas US opyght lat nd wil bj he vor o ea rst,