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MYRIAD MEGA ESTATE DEVELOPMENT AND CONSTRUCTION CORP.

CONTRACT & PROJECT PRIMER

2020SERIES
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MYRIAD MEGA ESTATE DEVELOPMENT AND CONSTRUCTION CORP.

Greetings [Client Name]!

First and foremost, thank you for the trust in choosing our company as your contractor for your dream
project. It would be an honor for us to construct the project at hand.

Rest-assured that we at Myriad Mega Estate Development and Construction Corporation recognize the
value of every peso invested to turn your dream into a reality. Nevertheless, given the longevity of our
relationship in the implementation of the project, as well as the technical nuances and unforeseen
circumstances that may arise during our time as your contractor, we have prepared an agreement that we
feel is sufficient to guide through the challenges present for every construction project and to assure a
smooth and healthy relationship from mobilization up until turn-over.

Our goal is to ensure that the trust given to us is earned by minimizing unnecessary costs and delays that
may occur and by helping our clients better monitor and understand the implementation of their project.
Therefore, we are pleased to present this contract and project primer based on your Build Agreement with
serial number [Serial Number] to help you understand not only the important aspects of the contract, but
also some of our company protocols during construction.

This primer shall be supplemental to the Build Agreement with regards its interpretation. For any
questions or concerns, you may contact me through my number at any time. Thank you once again. We
look forward to building your dream project!

All the best,

[Name]
[Position]
Contact: [Number]
Email: [Email]

xxx
Conforme:

We, [Client Name], accept this Contract and Project Primer as a sufficient supplement to our Build
Agreement with serial number [Serial Number] with respect to interpreting the provisions of such
agreement.

____________________________________________
Signature Above Printed Name/Date

PRIMER CONTENTS

2020SERIES
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1.0 PRE-CONSTRUCTION...................................................................................................................6

What are the documents needed before construction?.....................................................................6

What is a “Notice to Proceed” and what is its purpose?....................................................................6

Are there any requirements before issuing a “Notice to Proceed”?..................................................6

Can a “Notice to Proceed” be issued with lacking requirements?.....................................................6

Who secures the necessary permits?...............................................................................................7

Can the Client make any revisions to the documents it submitted?..................................................7

When is Down Payment given and what is the rate?........................................................................7

2.0 PROJECT COST, BILLING & PAYMENTS...................................................................................7

What is a progress billing?................................................................................................................7

What is the Project Cost? How and when are payments determined and paid?..............................7

Is there a period for evaluating and paying a submitted progress billing?........................................8

What are the consequences of an implicitly approved progress accomplishment?..........................8

Can the Client validly reject a progress billing? What are the effects?.............................................8

Can there be adjustments to the Project cost?.................................................................................9

What are instances where the Contractor can claim for extra costs?...............................................9

Can the Contractor issue a variation order unilaterally?.................................................................10

When can the Project cost be affected by changes in the prices of materials or labor?.................10

Can there be deductions to the Project cost?.................................................................................11

Are there limits to what can be added or deducted to the Project cost?.........................................12

When are variation orders paid?.....................................................................................................13

When are payments considered late? Is there a penalty?..............................................................13

When are penalties incurred by the Client paid?.............................................................................13

When are penalties incurred by the Contractor paid?.....................................................................13

Can the Client suspend any payments?..........................................................................................14

How and where can payment be made?.........................................................................................14