New Oriental Construction Company ( Party A ) and I ( b ) in July 1,2014to sign a contract.The contents of the contract are as follows:This contract is made by New Oriental Construction Company ( hereinafter referred to Party A ) and Li Xiaoran ( hereinafter referred to Party B ) signed by Party A to B,the construction and completion of a villa.The building should meet the following specifications,reinforced concrete,brick and other building materials should conform to the plans and specifications stated in the description.The villa has three layers,with 5belt restroom bedroom,2 guest rooms,2 restaurants,2 Kitchen,2 car garage.A garden.In view of the above content,Party B undertakes the following pay Party A RMB 1000000 for each ( one million yuan ):Project started to pay250000 RMB ( two hundred and fifty thousand yuan );December 1,2014 pay250000 RMB ( two hundred and fifty thousand yuan );July 1,2015 pay250000 RMB ( two hundred and fifty thousand yuan );The remaining amount will be paid upon completion of the work.Both parties shall negotiate to determine,for failure to fulfill the agreement,the party in breach shall within one month of pay to the other party of 500000yuan ( five hundred thousand yuan ),as the insurance may loss.Signed,sealed and deliveredBoth parties forParty A Party B:Li Xiaoran:New Oriental Construction Company