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What is Residential Construction Contract Sample about?

This document is a construction contract between Roldan O. Roldan as the owner and Alex E. Labiano as the contractor. The contractor agrees to construct a house of strong materials according to attached plans and specifications for 100,000 pesos. The owner will pay the contractor in equal installments as construction milestones are met within 60 working days. If not completed on time, the contractor will pay 1,250 pesos per day as liquidated damages.

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