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ARCHITECTS ENGINEERS
MANAGEMENT
CONTACT NO.: 09951482011
#010 MARCOS HIGHWAY, BAGUIO CITY, BENGUET EMAIL: mary.darlene13@yahoo.com
THIS AGREEMENT, made and entered into this 30th day of October TWO THOUSAND and
EIGHTEEN by and between Mr. and Mrs. Angela Faye Brown with postal address at
Baguo City 2600. The party of the second part, here in after called the CONTRACTOR.
WITHNESSETH,
That the owner and the contractor, for and in consideration of the covenants,
agreement and stipulation set forth, do hereby agree as follows:
ARTICLE 4. PAYMENTS
4.01 Payments on account of this contract shall be made by the owner at the
end of every month equivalent to ninety percent of the value of estimated
work as computed by the architect using a basis of “breakdown of work
and corresponding value” mutually agreed upon between the architect
and the constructor prior the start of construction.
4.02 Should the Owner fail to pay within 30 days the sum of any certificate of the
architect then due, the constructor shall receive in addition to the sum in
the certificate, interest thereon, at the legal rate in force.
4.03 Final and full payment of the consideration herein above mentioned shall
be made by the Owner to the constructor upon fulfilling the conditions set
forth in the general conditions.