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                                                                   EXHIBIT 10.28

                              CONTRACTOR AGREEMENT

         This Contractor Agreement (the "Agreement") is entered into effective
as of the 22nd day of November, 2000, by and between ENGLE HOMES, INC., a
Florida corporation ("ENGLE") and TECHNICAL OLYMPIC S.A., a Greek corporation
("CONTRACTOR").

                                    RECITALS

         WHEREAS, ENGLE desires for its subsidiaries and affiliates (the "ENGLE
Entities") to receive economic benefits by utilizing the services of CONTRACTOR;

         WHEREAS, CONTRACTOR is willing to provide such services for the
business operations of the ENGLE Entities;

         WHEREAS, for such purpose, ENGLE will cause the ENGLE Entities to
assign their respective rights under certain construction contracts currently in
effect and certain future construction contracts (the "Assigned Construction
Contracts") to CONTRACTOR, and CONTRACTOR will assume the Assigned Construction
Contracts, subject to the terms and conditions set forth herein;

         WHEREAS, CONTRACTOR will enter into certain other or additional
construction contracts for the operations of the ENGLE Entities (such contracts
collectively with the Assigned Construction Contracts, the "Contracts");

         WHEREAS, CONTRACTOR and ENGLE desire to document their agreements;

         NOW, THEREFORE, KNOW ALL MEN BY THESE PRESENTS, that in consideration
of the mutual benefits to accrue to each of the parties hereof, the receipt and
sufficiency of which are hereby acknowledged, ENGLE and CONTRACTOR hereby agree
as follows:

         1.       Engagement.

                  ENGLE hereby engages CONTRACTOR, and CONTRACTOR hereby accepts
                  such engagement and agrees to perform the construction
                  services described in Section 3 below (the "Services"), on
                  behalf of and for the account of ENGLE and the ENGLE Entities
                  in accordance with the terms and conditions of this Agreement.

         2.       General Standards.

                  CONTRACTOR will provide the construction Services and perform
                  its obligations hereunder with reasonable diligence. ENGLE
                  will provide its services and perform its obligations
                  hereunder with reasonable diligence.

         3.       Services to be Performed by CONTRACTOR.

         a.       CONTRACTOR hereby agrees to provide the construction work
                  according to the Contracts as may be directed by the
                  respective ENGLE Entities from time to time.

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         b.       In the event any of the ENGLE Entities desires to contract for
                  the construction and purchase of any goods and/or services on
                  a regular basis from any vendors not currently utilized, such
                  ENGLE Entity, in its own free unlimited discretion, shall have
                  the right to negotiate and execute a contract or agreement
                  with such vendor on terms acceptable to it. If both CONTRACTOR
                  and the respective ENGLE Entity agree that the same is in
                  their best interest, an ENGLE Entity may then assign any such
                  contract to CONTRACTOR. In the alternative, in lieu of such
                  assignment, the parties can agree on a case-by-case basis to
                  have such contract executed by CONTRACTOR at inception.
                  However, notwithstanding anything herein to the contrary, each
                  ENGLE Entities shall have the right not to assign any future
                  contracts to CONTRACTOR or not to have the same executed by
                  CONTRACTOR at inception, in such ENGLE Entity's sole
                  discretion. CONTRACTOR shall comply with instructions it may
                  receive from the respective ENGLE Entity from time to time
                  with regard to the termination or renewal of any of the
                  Contracts or any contracts subsequently assigned or entered
                  into directly by CONTRACTOR as directed by the respective
                  ENGLE Entity.

         c.       With regard to any materials and supplies purchased by
                  CONTRACTOR on behalf of an ENGLE Entity for the construction,
                  the respective ENGLE Entity shall promptly pay all invoices
                  remitted by any suppliers when the same are due and payable
                  directly to the vendor on behalf of CONTRACTOR. CONTRACTOR
                  shall promptly forward copies of any such invoices to the
                  respective ENGLE Entity for processing in accordance with this
                  Agreement.

         d.       CONTRACTOR shall perform such incidental services to the ones
                  listed herein as reasonably requested from time to time by the
                  Board of Directors or management of ENGLE, but only to the
                  extent CONTRACTOR consents to perform such incidental
                  services.

         4.       Indemnification.

         a.       ENGLE shall indemnify and hold CONTRACTOR harmless form all
                  suits, actions, losses, increased costs, damages, claims, or
                  liability of any character, type or description, including
                  without limiting the generality of the foregoing, all expenses
                  of litigation, courts costs and attorney's fees arising from,
                  or related to (i) claims by any other parties to the Contracts
                  because of the assignment of the Contracts to CONTRACTOR; (ii)
                  any claims by any customer or homebuyer of the ENGLE Entities
                  of whatsoever kind, including but not limited to a breach of
                  warranty or a claim of indemnity, or the providing of goods,
                  products, services, or labor by the ENGLE Entities; or (iii)
                  termination of any Contract by the other party thereto due to
                  a failure of any of the ENGLE Entities to pay for products of
                  services delivered or sold under such Contract.

         b.       CONTRACTOR shall indemnify and hold ENGLE and the ENGLE
                  Entities harmless from all suits, actions, losses, increased
                  costs, damages, claims, or liability of any character, type or
                  description, including without limiting the generality of the
                  foregoing, all expenses of litigation, courts costs and
                  attorney's

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                  fees arising from, or related to, the assignment of the
                  Contracts and the assumption of the liabilities of the ENGLE
                  Entities under the Contracts by CONTRACTOR, including but not
                  limited to any claims of breech of contract by any of the
                  other parties to the Contracts due to the failure of
                  CONTRACTOR to perform under the Contracts.

         c.       The above provision concerning indemnification shall survive
                  the termination of this Agreement.

         5.       Term and Termination.

                  This Agreement shall commence on the date hereof and shall
                  continue to be in effect until terminated by either party.
                  Either party may terminate this Agreement upon sixty (60) days
                  prior written notice to the other party.

         6.       Nature of Services

                  CONTRACTOR and ENGLE agree that all services performed
                  hereunder shall be in Contractor's capacity as an independent
                  contractor, and it is not the purpose or intent of this
                  Agreement to create any franchise, joint venture, trust,
                  partnership, or employer/employee relationship for any
                  purposes whatsoever. Nothing in this Agreement shall be
                  construed to make either party hereto an agent, joint
                  venturer, partner, legal representative, employee or
                  policy-making participant of the other, and neither party
                  shall have the right to obligate or bind the other party in
                  any manner whatsoever. The performance by CONTRACTOR of its
                  duties under this Agreement shall not relieve ENGLE of any
                  legal or contractual duty whatsoever, including duties to
                  comply with applicable laws, rules, regulations, order,
                  policies, procedures and financial and accounting reporting
                  requirements.

         7.       Successors and Assigns

                  Neither ENGLE nor CONTRACTOR may assign its rights nor claims,
                  transfer or subcontract its obligations or delegate its duties
                  hereunder without the prior written consent of the other party
                  hereto.

         8.       No Third Party Beneficiary

                  The provisions of this Agreement are enforceable solely by the
                  parties to this Agreement, and no other person shall have the
                  right to enforce any provision of this Agreement or to compel
                  any party to this Agreement to comply with the terms of this
                  Agreement.

         9.       Notices

                  All notices, requests, clause, demands and other
                  communications hereunder shall be in writing and in English
                  and shall be deemed to have been duly given when delivered in
                  person, by overnight courier or telecopy to the respective
                  parties as follows:

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                  If to ENGLE:           Engle Homes, Inc.
                                         123 N.W. 13th Street, Suite 300
                                         Boca Raton, Florida 33432
                                         Facsimile:  561-338-5634
                                         Attention:  David Shapiro

                  If to CONTRACTOR :     Technical Olympic S.A.
                                         1200 Soldiers Field Drive
                                         Sugar Land, Texas 77479
                                         Facsimile:  281-243-0116
                                         Attention:  Holly A. Hubenak

                  With a copy to:        Technical Olympic S.A.
                                         20 Solomou Street
                                         Athens 17456 Greece
                                         Facsimile:  011-301-995-5586
                                         Attention:  Andreas Stengos

                  Or to such other address as the person to whom notice is given
                  may have previously furnished to the other in writing in the
                  manner set forth above; provided however, that notice of any
                  change of address shall be effective only upon receipt
                  thereof.

         10.      Further Actions

                  At any time and from time to time, each party agrees, without
                  further consideration, to take such actions and to execute and
                  deliver such documents as may be necessary to effectuate the
                  purposes of this agreement.

         11.      This Agreement, and the application or interpretation thereof,
                  shall be governed by the laws of the State of Texas.

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                  EXECUTED effective as of the 22nd day of November, 2000.

                            ENGLE :                    ENGLE HOMES, INC.

                                                       By:  /s/ Tommy McAden
                                                          ----------------------
                                                       Name:  Tommy McAden
                                                       Title: Vice President

                            CONTRACTOR:                TECHNICAL OLYMPIC S.A.

                                                       By:  /s/ Andreas Stengos
                                                          ----------------------
                                                       Name:  Andreas Stengos
                                                       Title: Managing Director

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