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SHORT FORM CONSTRUCTION

SUBCONTRACT

Short Form Subcontract Agreement No. is effective as of by and between Ascent Builders, Inc. whose address is 1400 S
Street, Sacramento, CA 95811 (“Contractor”), and whose address is , , (“Subcontractor”), who agree as follows:

ARTICLE 1 - PARTIES ARTICLE 5 - COMPENSATION


On or about Contractor entered into a contract (hereinafter the Compensation for Subcontractor's performance of the Work shall be
“Prime Contract”) with (hereinafter “Owner”) to perform construction the firm fixed-price of () subject to additions and deductions as
work consisting of (hereinafter the “Project”) in accordance with the provided for in the Subcontract Documents. Subcontractor shall not
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terms and provisions of the Prime Contract, including all general and receive any additional amount unless otherwise agreed to in writing
special conditions, plans and specifications prepared by (hereinafter by Contractor. Subcontractor shall bill Contractor in accordance with
“Design Professional”); addenda; and other documents forming or by Ascent Builder’s General Requirements. Contractor shall withhold
reference made a part of the Prime Contract, all of which are retainage at a rate of ten (10) percent of each progress payment with
hereafter collectively called the “Contract Documents”, and more these funds released following final payment from the Owner.
particularly described in the following Articles and Schedule “A”. Payment shall be due within ten (10) days receipt of payment from
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the Owner. Subcontractor will furnish an executed statutory form
Conditional Release of Lien with each invoice.

ARTICLE 2 - SCOPE OF WORK


Subcontractor will maintain full and accurate records and books of
By way of this Short Form Subcontract, Subcontractor agrees to account necessary to document: (a) all activities undertaken by or on
furnish all labor, materials, equipment, subcontracted services and behalf of Subcontractor in the course of performing Work hereunder,
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supervision required to promptly and efficiently complete (the including, but not limited to, all testing, sampling, drilling and other
“Subcontract Work"), in strict accordance with this Contract and the Work performed by Subcontractor, its agents and subcontractors;
Contract Documents. All Work shall conform to the requirements of and (b) all charges, expenses and disbursements incurred by
the Contract Documents as modified and/or clarified by Schedule Subcontractor, its agents or subcontractors in performing Work
“B” and in accordance with Ascent Builders' General hereunder. Subcontractor will promptly make such books and
Requirements dated March 1, 2006. Subcontractor represents that records available to Contractor upon prior written request during
the Work shall be carried out in a manner at least equal to industry normal business hours.
standards and good commercial practices, without negligence, errors
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or omissions. Subcontractor shall perform the Work in full
ARTICLE 6 - FURTHER WORK
compliance with applicable federal, state and local laws and
regulations in effect at the time the Work are rendered. Contractor may authorize Subcontractor to perform such additional
work by additional work authorization (written or verbal) issued to
Subcontractor specifying the work to be performed and the maximum
additional amount to be added to the amount authorized in Article 5.
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ARTICLE 3 - TIME OF PERFORMANCE ARTICLE 7 - INSURANCE
Time is of the essence of this Agreement. Subcontractor agrees to Subcontractor is an independent contractor and not an agent, servant
perform its Work continuously, diligently, and energetically and to or representative of Contractor. Subcontractor represents and
complete the Work in accordance with the Project schedule. If warrants that it shall, at all times during the life of this Agreement,
Subcontractor fails to perform any of its obligations as required by maintain insurance coverage as follows:
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this Agreement or by operation of law and thereby delays the Project,
Subcontractor shall be liable for any and all damages caused
thereby, including damages caused to construction contractors A.Comprehensive General Liability Insurance including
involved with the Project. completed operations

ARTICLE 4 - TERM 1. Combined Single Limit $ 1,000,000 Each Occurrence


Bodily Injury and Property $ 1,000,000 Aggregate
Subcontractor shall commence and complete its Work in accordance
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with the project schedule. Contractor shall have the right to terminate
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this Agreement, at any time, in its sole discretion and with or without
cause, by written notice to Subcontractor. Subcontractor shall stop 2. Bodily Injury $ 1,000,000 Each Occurrence
work immediately upon receipt of a notice of termination and $ 1,000,000 Aggregate
promptly deliver to Contractor the results of the Work to date of
termination. Contractor will reimburse Subcontractor for work 3. Property Damage $ 1,000,000 Each Occurrence
performed prior to termination. This right to terminate shall be in
addition to, and not in lieu of, any other rights and remedies
Contractor may have at law or in equity.

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SHORT FORM CONSTRUCTION SUBCONTRACT • ASCENT BUILDERS, INC. 11/1/2004
B. Commercial General Liability Insurance any of the same arising from Subcontractor’s negligence, whether
1. Each Occurrence $ 1,000,000 active or passive; provided, however, that Subcontractor shall not be
Limit required to indemnify Contractor from claims arising from
Contractor’s sole negligence or willful misconduct.
2. General Aggregate $ 2,000,000
Personal and $ 1,000,000 ARTICLE 9 - OBLIGATIONS
Advertising Injury
Limit To the extent that the terms of the prime contract between Owner
and Contractor apply to this work, Contractor assumes towards
C. Comprehensive Automobile Liability Insurance
Subcontractor all obligations, rights, duties and redress that Owner
assumes towards Contractor in the proime contract. Similarly,
1. Combined Single Limit $ 1,000,000 Each Occurrence
Bodily Injury and Property
Subcontractor assumes towards Contractor all obligations, rights,
Damage duties and redress that Contractor assumes towards Owner and
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or Architect under the prime contract.

2. Bodily Injury $ 1,000,000 Each Person ARTICLE 10 - GOVERNING LAW


$ 1,000,000 Each Occurrence
This Agreement shall be covered by and construed under the laws of
3. Property Damage $ 1,000,000 Aggregate the State of California.
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If the Work includes design, Subcontractor shall furnish Certificates ARTICLE 11 - ENTIRE AGREEMENT; MODIFICATION;
of Insurance evidencing professional liability errors and omissions WAIVER
insurance in an amount not less than $1 million. Subcontractor shall
supply Contractor with certificates evidencing such insurance, adding This Agreement and any work authorizations issued by Contractor
Contractor as an additional insured under the comprehensive general hereunder constitute the entire agreement of the parties and
liability insurance with respect to the Work, and providing for 30 days' supersede any and all prior or contemporaneous written or oral
written notice to Contractor prior to cancellation or modification negotiations, correspondence, understandings and agreements
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thereof. Contractor shall have the right to approve the insurer, form between the parties respecting the subject matter hereof. No
and content of Subcontractor's insurance policies. supplement, modification or amendment to this Agreement, other
than work authorizations issued by Contractor hereunder, shall be
The Subcontractor shall maintain completed operations liability binding unless executed in writing by both parties. No waiver of any
insurance for one year after acceptance of the Project, or to the time of the provisions of this Agreement shall be deemed, or shall
required by the Contract Documents, whichever is longer. The constitute, a waiver of any other provisions, whether or not similar,
Subcontractor shall furnish the Contractor evidence of such nor shall any waiver constitute a continuing waiver. No waiver shall
insurance at the time of completion of the Subcontract be binding unless executed in writing by the party making the waiver.
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ARTICLE 8 - INDEMNIFICATION ARTICLE 12 - ASSIGNMENT
To the fullest extent allowed by law, Subcontractor shall, with respect This Agreement shall be binding upon and shall inure to the benefit
to all work which is covered by or incidental to this Agreement, of the parties and their respective successors and assigns.
indemnify, defend, and hold Contractor harmless from and against Subcontractor shall not assign any of its rights or obligations
any and all claims, liability, loss, damage, costs or expenses,
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hereunder without the prior written consent of Contractor. Contractor
including reasonable attorneys' fees, awards, fines or judgments, may assign this Agreement at any time, and shall be relieved of all
resulting from death or bodily injury to persons, injury to property or obligations under this Agreement upon giving notice of the
other loss, damage or expense, including assignment to Subcontractor.

CONTRACTORS ARE REQUIRED BY LAW TO BE LICENSED AND REGULATED BY THE CONTRACTORS’ STATE LICENSE BOARD WHICH HAS
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JURISDICTION TO INVESTIGATE COMPLAINTS AGAINST CONTRACTORS IF A COMPLAINT REGARDING A PATENT ACT OR OMISSION IS FILED
WITHIN FOUR (4) YEARS OF THE DATE OF THE ALLEGED VIOLATION. A COMPLAINT REGARDING A LATENT ACT OR OMISSION PERTAINING TO
STRUCTURAL DEFECTS MUST BE FILED WITHIN TEN (10) YEARS OF THE DATE OF THE ALLEGED VIOLATION. ANY QUESTIONS CONCERNING A
CONTRACTOR MAY BE REFERRED TO THE REGISTRAR, CONTRACTORS’ LICENSE BOARD, P. O. BOX 26000, SACRAMENTO, CALIFORNIA 95826.

SUBCONTRACTOR: CONTRACTOR: Ascent Builders, Inc.

BY: BY:

PRINT NAME: PRINT NAME:


TITLE: TITLE:

DATE: DATE:

LICENSE NO:

CLASSIFICATION(S)

EXPIRATION:

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SHORT FORM CONSTRUCTION SUBCONTRACT • ASCENT BUILDERS, INC. 11/1/2004
SCHEDULE “A”
Subcontract Agreement Between
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Ascent Builders, Inc.
and
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1.0 DOCUMENTS
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SHORT FORM CONSTRUCTION SUBCONTRACT • ASCENT BUILDERS, INC. 11/1/2004
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SCHEDULE “B”
Subcontract Agreement Between
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Ascent Builders, Inc.
and
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1.0 SCOPE OF WORK
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2.0 SUBCONTRACT PRICE

Subcontract Price
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END OF SCHEDULE “B”
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SHORT FORM CONSTRUCTION SUBCONTRACT • ASCENT BUILDERS, INC. 11/1/2004

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