3 pages · claude-opus-5 · contract-v1 · 37633 tokens · $0.20
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“Change Order work shall carry overhead of ten percent (10%) and profit of five percent (5%)”
“Claims must be noticed within fifteen (15) days”
“Change Order work shall carry overhead”
“the stipulated sum of Six Million One Hundred Fifty Thousand Dollars ($6,150,000.00)”
“AGREEMENT FOR CONSTRUCTION — STIPULATED SUM”
“Retainage of ten percent (10%) shall be held until Substantial Completion”
| 1 | General Conditions | $410,000.00 |
| 2 | Site Work and Utilities | $735,000.00 |
| 3 | Foundations and Slab | $982,000.00 |
| 4 | Pre-Engineered Metal Building | $1,640,000.00 |
| 5 | Dock Equipment and Doors | $318,000.00 |
| 6 | Fire Protection | $296,000.00 |
| 7 | Mechanical and Plumbing | $524,000.00 |
| 8 | Electrical | $611,000.00 |
| 9 | Office Mezzanine Finishes | $429,000.00 |
| Total | $5,945,000.00 |
“EXHIBIT A — SCHEDULE OF VALUES (PRELIMINARY)”
“Final Completion: April 9, 2027”
“Liquidated damages of Two Thousand Five Hundred Dollars ($2,500.00) per day”
“Commencement: March 16, 2026”
“Substantial Completion: February 26, 2027”
“disputes to mediation and then binding arbitration in Hennepin County”
“Governed by Minnesota law”
“Contractor: Summit Builders LLC”
“Owner: North Loop Logistics LLC”
“Applications for Payment are due on the 20th day of each month”
“Conditional lien waivers are required with each Application”
“shall pay within thirty-five (35) days of receipt of a conforming Application”
“retainage shall be reduced to two and one-half percent (2.5%) through Final Completion”
“725 Girard Avenue North, Minneapolis, Minnesota 55405”
“Minneapolis, Minnesota 55405”
“Not included: racking systems, conveyor equipment, security systems, and tenant signage”
“Minneapolis, Minnesota 55405”
“Project: North Loop Distribution Warehouse”
“Minneapolis, Minnesota 55405”
“shall construct a 46,000 square foot pre-engineered metal distribution warehouse”
“Performance and payment bonds are required”
“General Liability: Five Million Dollars ($5,000,000.00) per occurrence”
“Warranty period: eighteen (18) months from Substantial Completion”
“Laydown is available on the south half of the site”
“Site hours: 6:30 a.m. to 7:00 p.m., Monday through Saturday”