AGREEMENT FOR THE CONSTRUCTION OF ICE CREAM AND BURGER

SHOP

KNOW ALL MEN BY THIS PRESENTS:

THAT WE, _____________________, of legal age, single/married, a resident

of _______________________________________________________, hereinafter known as the
CONTRACTOR and MR. KOCHI YUKINOBU, of legal age, single, a resident of M. Place
Condominium Mother Ignacia St., Quezon City, and hereinafter known as the OWNER, do hereby
agree and state:

1. That the CONTRACTOR agrees to finish THE SHOP located at River Side Market,
Commonwealth, Quezon City at the contract price of Pesos: 60,000.00 (Sixty Thousand Pesos).
2. That the CONTRACTOR shall secure the necessary permits for construction, he shall be
responsible in purchasing materials, recruiting personnel, coordinating with the architect and
owner/s as regards to design details and approval of materials.
3. That the CONTRACTOR shall finish and turn over the said shop at the said contract price
and in accordance with the plans and specifications
4. That the CONTRACTOR shall pay a penalty of 1% of the contract price for every day of
delay of turnover.
5. That the starting date of construction shall be on November 7, 2017
6. That the turnover date shall be on November 18, 2017.
7. That the OWNER, agrees to pay 50% of the contract price at least 5 working days before
the projected starting date as down payment and the 50% balance to be paid in weekly equal
payments based on the date of the signing until the projected completion of the project.
Additional cost, if any, shall be paid on an “as-required” basis.
8. That 10% of payments to the CONTRACTOR shall be retained by the OWNER as guarantee
of completion of work.
9. That the retention guarantee shall be released no later than two (2) weeks after the
acceptance of the owner of the renovation done.
9
IN WITNESS WHEREOF, we have hereunder signed our names, this ___day
of ______________, 20__ at______________________, Philippines.

_____________________________ _______________________________
OWNER CONTRACTOR

SIGNED IN THE PRESENCE OF:

_____________________________ ________________________________
 ACKNOWLEDGMENT

REPUBLIC OF THE PHILIPPINES)

) S.S.

BEFORE ME, a notary public for and in the City of ___________________, this ____ day
of November 20__, personally came and appeared:

________________________________ _____________________________
OWNER CONTRACTOR

TIN #___________________________ TIN #___________________________

CTC # __________________________ CTC #__________________________
Issued On_______________________ Issued On_______________________
Issued At________________________ Issued At________________________

known to me and to me known to be the same persons who executed the foregoing instrument
which consist of three pages, including this page, acknowledged before me as their free and
voluntary act and deed.

WITNESS MY HAND AND SEAL this _______ day of January, 20__.

NOTARY PUBLIC
Doc No.______;
Page No.______;
Book No.______;
Series of 20___.