Document:

<PAGE>   1
                                                                    Exhibit 10.2

                              EMPLOYMENT AGREEMENT

                                     Between

                         AUTOMOTIVE TECHNOLOGIES, INC.,

                             a Colorado corporation

                                 ("Corporation")

                                       and

                               PHILIP W. SERGEANT

                                  ("Employee")

                              Dated: March 31, 1999

                                TABLE OF CONTENTS

SECTI0N

    BACKGROUND:...............................................................1

    1. Employment............................................................ 1

    2. Term.................................................................. 1

    3. Duties................................................................ 1

    4. Compensation ......................................................... 2

    5. Business Expenses and Reimbursements.................................. 3

    6. Employee's Representations and Indemnification........................ 3

    7. Confidential Information.............................................. 4

    8. Covenant Not to Compete............................................... 4

    9. Termination by the Employee or By the Corporation..................... 5

   10. Return of Materials .................................................. 6

   11. Disability or Death................................................... 6

   12. Ownership of Inventions and Ideas..................................... 6

   13. Entire Agreement...................................................... 7

   14. Amendments............................................................ 7

   15. Assignments........................................................... 7

   16. Binding Effect........................................................ 7

   17. Severability.......................................................... 7

   18. Specific Performance.................................................. 8

   19. Waivers............................................................... 8

   20. Notices............................................................... 8

   21. Jurisdiction and Venue................................................ 8

   22. Enforcement Costs..................................................... 9

   23. Remedies Cumulative................................................... 9

   24. Governing Law......................................................... 9

   25. Further Assurances.................................................... 9

   26. Definitions........................................................... 9

   EXHIBIT A- MILESTONES.....................................................11

                                        i

<PAGE>   2

                              EMPLOYMENT AGREEMENT

         This EMPLOYMENT AGREEMENT (this "Agreement") is signed on March 31,
1999 between AUTOMOTIVE TECHNOLOGIES, INC., a Colorado corporation having its
principal place of business at 7301-A Palmetto Park Road, Suite 105-C, Boca
Raton, Florida 33433 (the "Corporation") and PHILIP W. SERGEANT (the
"Employee").

                                   BACKGROUND:

A. The Corporation is engaged in the business of establishing residential
networks within communities, installing low voltage wiring systems and equipment
in homes and selling electronic upgrades and options to home buyers; and

B. The Corporation desires to employ the Employee as President and Director of
Marketing of the Corporation in connection with the conduct of the business of
the Corporation, and the Employee desires to accept such employment on the terms
set forth in this Agreement.

         The parties agree as follows:

         1. EMPLOYMENT. The Corporation employs the Employee as President and
Director of Marketing to perform the duties set forth in Section 3 and the
Employee accepts the employment, all upon the terms in this Agreement.

         2. TERM. Unless sooner terminated pursuant to the terms of this
Agreement, the initial term of employment begins on the date of this Agreement
and continues for 5 years. The Employment Period shall be extended automatically
for additional one-year terms unless either the Corporation or the Employee
gives at least 30 days' written notice to the other pursuant to Section 21.

         3. DUTIES.

            (a) The Employee will serve as President and Director of Marketing
of the Corporation. Subject to any restrictions set forth in the Shareholders'
Agreement or in the Bylaws of the Corporation, the Employee will perform all
duties as are customary for a President and Director of Marketing of a leading
edge technology company in the US, and such other duties as may from time to
time be assigned to him by the Board.

            (b) The Employee will use his best efforts to carry out his duties
and responsibilities and devote his entire working time to the business and
affairs of the Corporation and will not, in any advisory or other capacity, work
for any other individual, firm or corporation without first having obtained the
written consent of the Board.

                                        1

<PAGE>   3

            (c) The principal place of employment of the Employee will be the
Corporation's, headquarters in Boca Raton, Florida or such other locations as
may be selected for the Corporation's facilities by the Board, although it is
understood that in connection with his duties under this Agreement, the Employee
will be required to travel to and perform services at other locations.

         4. COMPENSATION. As compensation for the services to be rendered by the
Employee, the Corporation agrees to pay or provide to the Employee:

            (d) SALARY. The Corporation will pay to the Employee a base annual
salary of $102,500 per year payable in accordance with the normal payroll
policies of the Corporation less withholding of all applicable FICA taxes,
federal unemployment taxes (FUTA), income tax withholding and other payments the
Corporation is obligated to withhold. The annual salary is subject to annual
review and upward adjustment in the Board's sole discretion. An adjustment to
the amount of salary, if any, is not deemed a modification, amendment or waiver
of this Agreement and all other terms of his Agreement will remain in full force
and effect.

            (e) BONUSES. The Employee shall be entitled to a bonus paid annually
during the Employment Period up to a maximum of 35% of the base annual salary,
payable at such times and upon the achievement of such milestones as are set
forth on Exhibit A or as shall be mutually agreed upon by the Employee and the
Board.

            (f) VACATION/SICK DAYS. The Employee is entitled to an annual paid
vacation of 3 calendar weeks per fiscal year (taken consecutively or in
segments) adjusted pro rata for any partia1 fiscal year. For purposes of
vacation eligibility, the Employee's start date is June 1, 1998. The Employee is
also entitled to annual paid sick days of at least 5 days per year during the
Employment Period. Vacation may be taken at such times as is reasonably
consistent with proper performance by the Employee of his duties and
responsibilities. Vacation days and sick days are forfeited and not accumulated
from year to year.

            (g) INSURANCE. The Corporation agrees to provide to the Employee,
throughout the Employment Period, insurance and all benefits including workers'
compensation insurance, life insurance, health insurance and profit sharing
benefits, that are, or may in the future be, provided generally by the
Corporation to its other employees including:

               (i) The Corporation may, so long as this Agreement remains in
      effect, maintain in force, a life insurance policy on the life of the
      Employee in an amount determined by the Corporation. The proceeds of the
      insurance policy is payable directly to the Corporation, which is the
      direct beneficiary. The Corporation will pay all premiums for all policies
      as the same become due; and

               (ii) The Corporation will provide health insurance providing full
      hospital, medical and dental coverage pursuant to the Corporation plans in
      effect from time to time

                                        2

<PAGE>   4

      for the Employee and each of the Employee's dependents at no expense to
      the Employee or his or her dependents other than deductible amounts under
      these plans not to exceed S200 per person per year.

               (h) AUTOMOBILE. During the Employment Period, the Employee is
      entitled to a $650 per month car allowance in accordance with the
      Corporation's normal automobile allowance payment practices.

               (i) RELOCATION EXPENSES. The Corporation will reimburse the
      Employee for a minimum of $20,000 of out-of-pocket expenses incurred in
      connection with any relocation requirements.

               (j) STOCK OPTION. The Corporation agrees to grant to the
      Employee, pursuant to a separate written agreement to be executed, an
      unvested option (the "Option") to purchase, up to 1,000,000 shares (the
      "Option Shares") of the common stock, $O.001 par value per share, of the
      Corporation (the "Common Stock") at $0.45 per share. Such agreement shall
      determine at what times and in what amounts the Option will vest in the
      Employee, the manner of exercising the Option, and all other matters
      determined by the Board. Additional stock options will be offered
      annually, if at all, in accordance with stock option plans offered to
      other senior management In the discretion of the Corporation.

         5. BUSINESS EXPENSES AND REIMBURSEMENTS. It is contemplated that, in
connection with his employment hereunder, the Employee may be required to incur
reasonable business, entertainment, and travel expenses. The Corporation agrees
to reimburse the Employee in full for all such reasonable and necessary
business, entertainment and travel expenses incurred or expended by him in
connection with the performance of his duties hereunder; proving the Employee
submits to the Corporation vouchers or expense statements satisfactorily
evidencing such expenses as may be reasonably required by the Corporation and
such expenses are in accordance with any corporate policy with respect thereto.
During the Employment Period, the Employee is entitled to reimnbursement by the
Corporation for the following out-of-pocket expenses incurred by the Employee
after receiving written approval from the Board:

                  (i) Membership fees for professional organizations and
              affiliations beneficial to the Employee or the Corporation in the
              performance of the Employee's duties under this Agreement; and

                 (ii) Expenses for seminars, courses and conferences attended
              for the Corporation's business purposes.

         6. EMPLOYEE'S REPRESENTATIONS AND INDEMNIFICATION. The Employee
represents and warrants to the Corporation that:

                                     3

<PAGE>   5

         (k) He is not restricted or prohibited contractually from entering into
and performing this Agreement; and

         (l) His execution and performance under this Agreement is not in
violation or breach of any other agreement between the Employee and any other
person or entity.

         The Employee indemnifies, defends, and holds harmless the Corporation
against all claims, demands, losses, costs, expenses, obligations, liabilities,
damages, recoveries, and deficiencies including interest, penalties, and
attorneys' fees and disbursements including Enforcement Costs as stated in
Section 23, that the Corporation or its officers or shareholders shall incur or
suffer, which arise, result from, or relate to any breach of, any of his or her
representations and warranties in this Section.

         7. CONFIDENTIAL INFORMATION. The Employee acknowledges that the list of
the Corporation's customers, method of doing business and the Corporation's
sources of information as the Corporation may revise are valuable, special and
unique assets of the Corporation's business. The Employee will not, during and
after the Employment Term, disclose any part of the Corporation's customer list,
method of doing business, sources of information, trade secrets or other
confidential or proprietary information, to any person, firm, corporation,
association, or other entity for any reason or purpose. Upon the Employee's
breach or threatened breach of this Section, irreparable injury is presumed, and
the Corporation is entitled to preliminary restraining order and an injunction
restraining and enjoining the Employee from disclosing any part of the list has
been, or is threatened to be disclosed. In addition to or in lieu of the above,
the Corporation may pursue all other remedies available to the Corporation for
the breach or threatened breach, including the recovery of damages from the
Employee.

         8. COVENANT NOT TO COMPETE. During he Employment Term and for 1 year
after the termination of this Agreement, the Employee will not, within Dade,
Broward or Palm Beach Counties, State of Florida, directly or Indirectly, own,
manage, operate, control, be employed by, participate in, or be connected in any
manner with the ownership, management, operation, or control of any business
similar to the type of business conducted by the Corporation at the time this
Agreement terminates or solicit customers of the Corporation. Upon the
Employee's actual or threatened breach of this Section including use or
disclosure of the Corporation's trade secrets or customer lists or direct
solicitation of existing customers, irreparable injury is presumed, and the
Corporation is entitled to a preliminary restraining order and injunction
restraining the Employee from violating its provisions. Nothing in this
Agreement may be construed to prohibit the Corporation from pursuing any other
available remedies for the breach or threatened breach, including the recovery
of damages from the Employee. If the stockholders agree to dissolve the
Corporation, and the principals do not continue to operate a residential wiring
company, this covenant terminates. The Employee acknowledges that the length of
the term and all restrictions contained in this Section and Section 7 are fair
and reasonable and not the result of overreaching, duress or coercion of any
kind. The Employee further acknowledges that his or her full, uninhibited and
faithful observance of each of the covenant contained in such Sections will not

                                     4

<PAGE>   6

cause him or her any undue hardship, financial or otherwise, and that
enforcement of each of the covenants contained in this Agreement will not impair
his or her ability to obtain employment commensurate with his or her abilities
and on terms fully acceptable to him or her or otherwise to obtain income
required for the comfortable support of himself or herself and his or her family
and the satisfaction of the needs of his or her creditors.

         9. TERMINATION BY THE EMPLOYEE OR BY THE CORPORATION.

         (m) The Corporation may terminate this Agreement for cause after
written notice to the Employee and subject to the expiration of any applicable
cure period set forth below. "Termination for cause" shall mean discharge by the
Corporation on the following grounds:

             (i) The Employee's conviction in a court of law of any crime or
offense, which conviction makes him unfit for continuing employment, prevents
him from effective management of the Corporation or materially adversely affects
the reputation or business activities of the Corporation.

            (ii) Dishonesty or willful misconduct which materially, adversely
affects the reputation or business activities of the Corporation and which
continues after written notice thereof to the Employee, substance abuse for
which the Employee fails to undertake and maintain treatment after 15 days after
requested by the Corporation, or misappropriation of funds.

             (iii) The Employee's continuing material failure or refusal to
perform his duties in accordance with the terms of this Agreement or to carry
out in all material respects the lawful directives of the Board of Directors,
provided that discharge pursuant to this Subsection 1l(a)(iii) constitutes
discharge for cause only if the Employee has first received written notice from
the Board stating with specificity the nature of such failure or refusal and, if
requested by the Employee within 10 days thereafter, the Employee is afforded a
reasonable opportunity to be heard before the Board.

         Upon such termination for cause, the Employee shall lose all right,
title and interest in and to all payments required to be made in accordance with
the provisions of this Agreement, and the Corporation shall have no further
obligation to the Employee hereunder, except for compensation pursuant to
Section 4 to which the Employee is entitled through the date of termination,
bonus compensation to which the Employee is entitled for and in respect of the
preceding fiscal year if not theretofore paid, and any benefits referred to in
Section 4 to which the Employee has a vested right under the terms and
conditions of the plan or program pursuant to which such benefit were granted.

         (n) The Corporation may terminate the Employee without cause at any
time. In the event of termination of the Employee without cause, the Corporation
will pay or provide to the Employee (in addition to salary, bonus and other
compensation to which the Employee is entitled

                                       5

<PAGE>   7

or has earned pursuant to Section 4 through the date of termination and any
benefits referred to in Section 4 in which the Employee has vested right under
the terms and conditions of the plan or program pursuant to which the benefits
were granted), a lump sum cash payment equal to the total amount of base salary
due to the end of the term of this Agreement discounted using a present value
discount of 7%. The Corporation also agrees to redeem for cash all of the
Employee's shares in the Corporation at fair market value as computed by the
independent certified public accountants for the Corporation.

         (o) The Employee may terminate this Agreement by resignation and giving
the Corporation 3 months' written notice. The Corporation can waive this notice
and agree with the Employee to an earlier termination date. Upon termination by
the Employee, all obligations of the Corporation and the Employee under this
Agreement will cease as of the date of final termination, except the Employee's
obligations under Sections 8, 9 and 10 will survive.

         10. RETURN OF MATERIALS. The Employee will immediately turn over to the
Corporation all materials including brochures, agreements, customer lists, and
all over materials relating to the operation of the Corporation in the
Employee's possession or control, and all copies and any other forms of
reproductions of such materials (all of which are acknowledge to be the sole and
exclusive property of the Corporation), and will retain no copy or record of any
of the foregoing.

         11. DISABILITY OR DEATH.

         (p) The term of employment of the Employee will terminate immediately
upon the death of the Employee, or, at the option of the Corporation, upon
physical or mental incapacity or disability, which renders him unable, with
reasonable accommodation, to perform the services required of him under this
Agreement ("Disability") for a period of 90 consecutive days or for 180 days or
more during any period of 12 consecutive months. Disability is subject to
verification by an independent qualified physician if requested by the Employee.
During any period of Disability before termination, the Employee will continue
to be compensated as provided in this Agreement (less any payments due the
Employee under disability benefit programs paid for by the Corporation including
Social Security disability, worker's con~pensation and disability or retirement
benefits).

         (q) Upon the death of the Employee during the period of employment or
upon termination of this Agreement by the Corporation because of the Disability
of the Employee, the Employee is entitled to receive the cooperation the
Employee through the date of death or termination (provided the payment of any
bonus for the fiscal year in which termination occurred will be in the sole
discretion of the Board). The Corporation thereafter will have no further
obligations under this Agreement except for its obligations to pay any vested
employee benefits referred to in Section 4.

         12. OWNERSHIP OF INVENTIONS AND IDEAS. The Employee acknowledges that
the Corporation is the sole owner of all the results and proceeds of the
Employee's service under this Agreement, including all patents, patent
applications, patent rights, formulas, copyrights,

                                        6

<PAGE>   8

inventions, developments, discoveries, other improvements, data documentation,
drawings, charts, and other written, audio and/or visual materials relating to
equipment, methods, products, processes, or programs in connection with or
useful to the Corporation's business (collectively, the "Developments") which
the Employee, by himself or in conjunction with any other person, may conceive,
make, acquire, acquire knowledge of, develop or create during the term of the
Employee's employment, free and clear of any claims by the Employee (or any
successor or assignee of him) of any kind or character whatsoever other than the
Employee's right to compensation under this Agreement. The Employee acknowledges
that all copyrightable Developments are considered "works made for hire" under
the Federal Copyright Act. The Employee assigns and transfers his right, title
and interest in and to all Developments, and agrees that he will, at the request
of the Corporation, sign or cooperate with the Corporation in any patent
applications, sign any assignments, certificates or other instruments, and do
any and all other acts, as the Board from time to time reasonably deems
necessary or desirable to evidence, establish, maintain, perfect, protect,
enforce or defend the Corporation's rights, title and interest in or to any
Developments.

         13. ENTIRE AGREEMENT. This Agreement represents the entire
understanding and agreement between the parties with respect to the subject
matter of this Agreement, and supersedes all other negotiations, understandings
and representations, if any, made between the parties.

         14. AMENDMENTS. The provisions of this Agreement may not be amended,
supplemented, waived or changed orally, but only by a writing signed by the
party as to whom enforcement of any amendment, supplement, waiver or
modification is sought and making specific reference to this Agreement.

         15. ASSIGNMENTS. The Employee cannot assign or delegate his or her
obligations under this Agreanent. This Agreement is freely assignable by the
Corporation but must be assumed by the purchaser of all of substantially all of
the assets of the Corporation or by the surviving corporation in the case of a
merger.

         16. BINDING EFFECT. All of the terms of this Agreement, regardless of
whether so expressed, are binding upon, inure to the benefit of, and be
enforceable by the parties and their respective personal representatives, legal
representatives, heirs, successors and permitted assigns.

         17. SEVERABILITY. If any provision of this Agreement or any other
agreement entered into pursuant to this Agreement is contrary to, prohibited by
or deemed invalid under applicable law or regulation, that provision will be
inapplicable and deemed omitted to the extent so contrary, prohibited or deemed
invalid under applicable law or regulation, that provision will be inapplicable
and deemed omitted to the extent so contrary, prohibited or invalid, but the
remainder of the provision will not be invalidated and will be given full force
and effect so far as possible. If any provision of this Agreement may be
construed in two or more ways, one of which would render the provision invalid
or otherwise voidable or unenforceable and another of which would render

                                       7

<PAGE>   9

the provision valid and enforceable, the provision shall have the meaning that
renders it valid and enforceable.

         18. SPECIFIC PERFORMANCE. The Employee acknowledges that the services
to be rendered by the Employee under this Agreement are extraordinary and unique
and are vital to the success of the Corporation, and that damages at law would
be an inadequate remedy for any breach or threatened breach of this Agreement by
the Employee. Therefore, upon a breach or threatened breach by the Employee of
any provision of this Agreement, then the Corporation shall be entitled, in
addition to all other rights and remedies, to injunctions restraining the
breach, without being required to show any actual damage or to post any bond or
other security

         19. WAIVERS. The failure or delay of the Corporation at any time to
require performance by the Employee of any provision of this Agreement, even if
known, will not affect the right of the Corporation to require performance of
that provision or to exercise any right, power or remedy under this Agreement,
and any waiver by the Corporation of any breach of any provision of this
Agreement should nor be construed as a waiver of any continuing or succeeding
breach of the provision, a waiver of the provision itself, or a waiver of any
right, power or remedy under this Agreement. No notice to or demand on the
Employee in any case will, of itself, entitle that party to any other or further
notice or demand in similar or other circumstances.

         20. NOTICES. All notices, requests, consents and other communications
required or permitted under this Agreement will be in writing (including telex
and telegraphic communication) and will be (as elected by the person giving the
notice) hand delivered by messenger or courier service, telecommunicated, or
mailed (airmail if international) by registered or certified mail (postage
prepaid), return receipt requested, addressed to:

If to the Corporation:                           If to the Employee:

Automotive Technologies, Inc.                    Philip W. Sergeant
7301-A Palmetto Park Road, Suite 105-C           22080 Altona Drive
Boca Raton, FL 33433                             Boca Raton, FL 33428

         21. JURISDICTION AND VENUE. The parties acknowledge that a substantial
portion of negotiations, anticipated performance and execution of this Agreement
occurred or will occur in Palm Beach County, Florida, and that, therefore,
without limiting the jurisdiction or venue of any other federal or state court,
each of the parties irrevocably and unconditionally (a) agrees that any suit,
action or legal proceeding arising out of or relating to this Agreement may be
brought In the courts of record of the State of Florida in Palm Beach County or
the Federal District Court of the United States, Southern District of Florida;
(b) consents to the jurisdiction of each court in any suit, action or
proceeding; (c) waives any objection that it may have to the laying of venue of
any suit, action or proceeding in any of these courts; and (d) agrees that
service of any court paper may

                                        8

<PAGE>   10

be effected on that party by mail, as provided in this Agreement, or in any
other manner as may be provided under applicable laws or court rules in State of
Florida.

         22. ENFORCEMENT COSTS. If any legal action or other proceeding is
brought for the enforcement of this Agreement, or because of an alleged dispute,
breach, default or misrepresentation in connection with any provision of this
Agreement, the successful or prevailing party or parties is entitled to recover
reasonable attorneys' fees, sales and use taxes, court costs and all expenses
even if not taxable as court costs (including all fees, taxes, costs and
expenses incident to arbitration, appellate, bankruptcy and post-judgment
proceedings, incurred in that action or proceeding, in addition to any other
relief to which the party or parties may be entitled. Attorneys' fees include
paralegal fees, investigative fees, administrative costs, sales and use taxes
and all other charges billed by the attorney to the prevailing party.

         23. REMEDIES CUMULATIVE. No remedy conferred in this Agreement upon any
part, is intended to be exclusive of any other remedy, and every remedy is
cumulative and is in addition to every other remedy given under this Agreement
or now or later existing at law or in equity or by statute or otherwise. No
single or partial exercise by any party of any right, power or remedy under this
Agreement precludes any other or further exercise of that right, power or
remedy.

         24. GOVERNED LAW. This Agreement and all transactions contemplated by
this Agreement are governed by, and construed and enforced in accordance faith,
the internal laws of the State of Florida without regard to principles of
conflicts of laws.

         25. FURTHER ASSURANCES. The parties agree to sign and deliver all
furthier and othor transfers, assignments and documents and do all acts that may
be convenient or necessary to more effectively and completely carry out the
intentions of this Agreement.

         26. DEFINITIONS.

         (a) As used in this Agreement, the following terms have the following
meanings:

         "AGREEMENT" means this Employment Agreement, as it may be amended,
supplemented or otherwise modified by an agreement in writing signed by the
Corporation and the Employee pursuant to Section 15.

         "BOARD" means the Board of Directors of the Corporation.

         "EMPLOYMENT PERIOD" means the period in which the Employee is employed
by the Corporation including the initial term and any successive terms.

         (b) Other definitional provisions used in this Agreement include:

                                     9

<PAGE>   11

               (i) The term "persons includes any corporation, partnership,
         estate, trust, association, branch, bureau, subdivision, venture,
         associates group, individual, government, institution, instrumentality
         and other entity, enterprise, association or endeavor of every nature
         and kind;

               (ii) Reference to the "business" of any person also is deemed to
         include the operations, financial condition, properties and prospects
         of that person; and

               (iii) The term "affiliate" means, with reference to any specified
         person: (A) any person that directly or indirectly through one or more
         intermediaries controls or is controlled by, or is under common control
         with the specified person, (B) any person that directly or indirectly
         is the beneficial owner of 5% or more of any class of equity securities
         of, or otherwise has a substantial beneficial interest in, thec
         specified person, or of which the specified person is directly or
         indirectly the owner of 5% To or more of any class of equity securities
         or in which the specified person has a substantial beneficial interest;
         (C) any person who is an officer, director, general partner or trustee
         of, or serves in a similar capacity with respect to, the specified
         person or entity; (D) any relative or spouse of the specified person;
         or (E) any trust created by the specified person for the benefit of
         that person's spouse or children.

         IN WITNESS WHEREOF, the parties have signed this Agreement.

                                       AUTOMOTIVE TECHNOLOGLES, INC.

                                       By: /s/ Richard D. Wedel, Chairman
--------------------------------------    -------------------------------------

--------------------------------------

                                           /s/ PHILIP W. SERGEANT
                                           ------------------------------------
                                           Philip W. Sergeant

                                       10
<PAGE>   12

EXHIBIT "A"

Milestone Achievements.
(reference attached schedule of performance for years 1999 through 2001).

EXECUTIVES' BONUSES.

Will be paid quarterly, pro-rata up to 35% of annual salary on achievement of
100% of milestone for each of the three months of the quarter. Achievement of
80% of the mile-stone warrants a bonus payment of 20%, achievements below 80%
warrant no bonus.

STOCK OPTIONS.

Options will vest and accumulate at the rate of 1O% of the 1,000,000 option
shares for each month when the milestones have been met or have exceeded 90% of
the milestone.

                                       11<PAGE>   1
                                                                    Exhibit 10.3

                      WCI COMMUNITIES LIMITED PARTNERSHIP
                             CONSTRUCTION AGREEMENT

     THIS CONSTRUCTION AGREEMENT (this "AGREEMENT") is made and entered into by
and between WCI COMMUNITIES LIMITED PARTNERSHIP, a Delaware limited
partnership, of 3300 University Drive, Coral Springs, Florida 33065 ("WCI"),
and INTEGRATED HOMES OF FLORIDA, INC., of Suite #103-C, 7301-A West Palmetto
Park Rd., Boca Raton, FL 33433 ("Contractor").

                                  WITNESSETH:

     WHEREAS, the Contractor is in the business of furnishing labor, materials,
equipment and services in connection with the construction of single family
homes pursuant to the laws of the State of Florida; and

     WHEREAS, WCI desires to engage the Contractor to provide such services
according to the terms and subject to the terms and conditions set forth
herein, all Project Conditions set forth on Exhibit "A" and Scope of Work set
forth on Exhibit "B" attached hereto and made a part hereof.

     NOW THEREFORE, in consideration of the premises and the agreements,
covenants and representations herein contained, the parties hereto agree as
follows:

     1.   GENERAL DESCRIPTION OF SCOPE OF SERVICES.

          a.   Generally the work to be performed by Contractor (the "Work"), in
               support of WCI's project VILLA SORRENTO is described as
               STRUCTURED WIRING.

          b.   The Work shall include but not be limited to the Project
Conditions described on Exhibit "A" attached hereto and made a part hereof and
Scope of Work described on Exhibit "B" attached hereto and made a part hereof.

     2.   DUTIES AND OBLIGATIONS OF CONTRACTOR.

          a.   PLANS, SPECIFICATIONS AND CODES. Contractor shall perform the
work in compliance with the plans and specifications approved by WCI and in
compliance with all applicable local, state and federal laws and regulations,
building codes and manufacturers' installation instructions.

          b.   PERFORMANCE OF WORK. Contractor shall commence performance of
the work within 24 hours of receiving notice to begin (excluding Saturdays,
Sundays or Federal Holidays), and shall perform the work as quickly and
thoroughly as possible. If Contractor does not begin the work within 24 hours,
or stops work without cause or permission, or if the work is unreasonably
delayed in the reasonable opinion of WCI, WCI shall have the right to terminate
this agreement and replace the Contractor.

          c.   ACCEPTANCE OF MATERIAL: SITE CONDITIONS. Contractor shall
inspect (i) all material supplied by WCI, (ii) any work performed by others
that affects Contractor's work and

                                       1

<PAGE>   2
(iii) site conditions, and immediately report any defects, problems or
objections to WCI before beginning the work. In Contractor begins the work
without immediately informing WCI of any defects, problems or objections to the
material, prior work or site conditions, Contractor will be deemed to have
accepted the material, prior work and site conditions as free of defects and
suitable for performance of Contractor's work.

          d.   LICENSES AND PERMITS. Contractor shall obtain and pay for all
licenses and permits required for the work (except the building permit).
Contractor shall pay all fines or penalties imposed on Contractor or WCI for
failure to obtain any necessary licenses, certificates or permits or violation
of laws, ordinances, rules or regulations of any governmental authority with
jurisdiction over the site or the work by Contractor.

          e.   CLEAN-UP. Contractor shall remove all scrap, trash and excess
material from the site daily during performance of the work and upon completion
of Contractor's work and place such items in areas or containers provided or
designated by WCI. If Contractor leaves any scrap, trash or material on the
site, WCI shall have the right to have such items removed by others and charge
the expense to Contractor as set forth in Section 3.5.

          f.   CONTRACTOR'S EMPLOYEES. Contractor shall retain such employees
as shall be necessary for the successful and timely completion of the work.
Contractor's employees shall be licensed, if required by the State, City or
County, and experienced and competent in performance of the work in an
efficient and workmanlike manner. Contractor shall comply with the requirements
of Executive Orders Number 10925 and 1114 and the Civil Rights Act of 1964
concerning equal employment opportunities. Contractor shall supervise and
control the activities of its employees on the job site. Failure to furnish an
adequate number of qualified employees to do the job or failure to supervise
such employees shall be grounds for immediate termination of this Agreement.
Contractor agrees to remove and ban from the site any employee who, in the
judgement of WCI, fails to perform the work in a manner satisfactory to WCI or
in compliance with this Agreement, or whose conduct is deemed by WCI to be
unacceptable, in WCI's sole and absolute discretion.

          g.   TOOLS, EQUIPMENT AND VEHICLES. Contractor shall provide all
tools, equipment and vehicles necessary for the work unless otherwise set forth
in the Project Conditions. Contractor shall maintain all tools, equipment and
vehicles in good repair and in compliance with all applicable safety codes,
statutes, regulations or ordinances. Contractor agrees to remove from the site
any tools, equipment of vehicles which, in the sole judgement of WCI, are not
in good repair or comply with the requirements of this Agreement.

          h.   MATERIAL. Contractor shall provide the material described in the
Project Conditions.

          i.   PAYMENT TO CONTRACTOR'S SUPPLIERS AND EMPLOYEES. Contractor
shall pay all bills for materials, tools, equipment, labor, services or charges
of any kind when due. If Contractor fails to pay such amounts WCI shall have
the right, but not the obligation, to pay any such charges and charge the
amounts so paid against the Contractor's account pursuant to Section 3.5.

          j.   CONTRACTOR'S CREDIT STANDING. Contractor agrees to provide WCI
with all financial information and banking and credit references requested by
WCI.

          k.   SAFETY. Contractor shall take precautions to provide a safe
workplace and comply with all applicable rules and regulations of the
Occupational Safety and Health Administration (OSHA), and all applicable local,
state or federal laws, rules or regulations

                                       2
<PAGE>   3
pertaining to the work, including all required safety equipment and supplies.

          l.   SITE INSPECTION AND PROTECTION. Contractor acknowledges that
Contractor has inspected the site of the work and that Contractor shall protect
the site and improvements from damage during the performance of Contractor's
work. All costs of the work arising from site conditions and protection are
included in Contractor's pricing unless otherwise indicated in the Project
Conditions. By agreeing to the prices set forth in the Project Conditions,
Contractor assumes the risk of any and all unusual or unforeseen site
conditions and shall not charge WCI for additional costs resulting from the
unusual or unforeseen site conditions unless such conditions substantially
increase the difficulty or expense of performing the work.

          m.   PROTECTION OF WORK. Contractor shall bear all costs of repair or
replacement for damage to Contractor's work or other work or improvements on
the site caused by Contractor, its employees, agents, subcontractors or
suppliers pursuant to Section 3.5.

          n.   TAXES. Contractor shall bear sole and exclusive responsibility
for the payment of all taxes imposed by local, state or federal law applicable
to the work, materials supplied by Contractor, payments received by Contractor
and payments made by Contractor. Contractor shall be solely responsible for the
payment of all local, state and federal income taxes, withholding requirements,
self-employment taxes, social security taxes and other taxes on the payments
made to Contractor and payments made by Contractor to its employees and
suppliers.

          o.   DRUGS AND ALCOHOL. No illegal drugs or alcohol shall be
permitted on the site. Contractors, their employees, agents, subcontractors or
suppliers in possession of illegal drugs or alcohol on the site will be subject
to immediate termination. Individuals on the site whose performance,
coordination or ability to work is impaired, in the sole opinion of WCI's
representative, shall be subject to immediate removal from the site. Contractor
agrees that WCI shall have the right to require Contractor and all of
Contractor's employees to submit to random drug testing without prior notice.

          p.   CHILDREN, PETS AND MUSIC. Children (minors under 18 years) and
pets are banned from the work site at all times. Music shall not be broadcast
at volumes that disturb adjoining property owners or that might interfere with
the safe performance of the work of other contractors. The use of headphones or
similar devices that may create safety or communication hazards is prohibited.

          q.   BILLING. Contractor shall submit written invoices for payment
in accordance with the Project Conditions, and subject to Article 3.

          r.   CONDUCT AND DRESS. Contractor agrees to require its employees to
comply with the rules and regulations established by WCI concerning personal
conduct and dress, including the obligation of each worker on site to wear
clothes that are in good repair. The following items of clothing are
prohibited: shirts or other articles of clothing that display provocative,
obscene or offensive words or images; shirts, shorts or pants with holes or
worn in a manner that is revealing or immodest; bikinis or swimsuits; sandals
or thongs; other items of clothing prohibited by WCI. The use of obscene or
abusive language is prohibited.

          s.   ACCIDENTS.  Contractor shall immediately report to WCI any
accident or occurrence on the job site resulting in bodily injury, death,
illness or damage to property, material or equipment. As soon as possible after
the occurrence of any accident, Contractor shall deliver to WCI a written
report conforming to applicable laws detailing the circumstances, events and
witnesses of any accident and a copy of written notice sent to Contractor's
insurance company. Contractor shall immediately comply with the requests of WCI
or its insurance company or

                                       3
<PAGE>   4
agents for assistance and information concerning the accident and shall fully
cooperate in any investigation of the accident.

     3.   DUTIES AND RIGHTS OF WCI.

          a.   SITE OF WORK. The site of the work shall be limited to those
subdivisions or locations identified in the Project Conditions, and shall be
further limited to the houses assigned to Contractor by WCI. WCI reserves the
right to assign similar work to other contractors within the same subdivisions.

          b.   SCHEDULE OF WORK. WCI shall notify Contractor at least 24 hours
before the work is to be done and set reasonable limits on the amount of time
for Contractor to complete the work.

          c.   INSPECTION OF WORK. WCI shall have the right to inspect
Contractor's work at any time during its progress. WCI shall inspect the work
for quality and conformity with the plans, specifications and manufacturers'
installation instructions within 48 hours of notice of completion from the
Contractor. Any defects shall be corrected within 48 hours of Contractor's
receipt of notice of such defects according to Article 5. Acceptance of the
work and final payment shall not constitute waiver of Contractor's warranty or
the right of WCI to require correction of defects at Contractor's expense.

          d.   PAYMENT FOR WORK. Payment shall be made as described in the
Project Conditions. As a condition of payment the Contractor shall deliver
releases or waivers of liens signed by Contractor, its suppliers, employees or
subcontractors, such releases and waivers shall comply with the statutory
requirements of the State of Florida.

          e.   CHARGES AGAINST CONTRACTOR. If Contractor fails to perform any of
its duties described in these General Conditions, or in the Project Conditions,
within the time limits established, or if no limits are established, within 48
hours after receipt of written notice from WCI, WCI shall have the right to
retain others to perform such duties, and the cost of such performance will be
charged against the amount due Contractor. If the charges exceed the amount due,
all payments will be withheld and Contractor shall pay WCI the excess
immediately upon receipt of written notice. Without limitation, charges against
Contractor shall be assessed if WCI pays to complete work not finished on time
by Contractor, correct defects in the work, pay fines or penalties arising from
the work, clean up after the work, provide tools, material or equipment that are
Contractor's obligation, repair damage to the site, obtain insurance on behalf
of Contractor, pay claims indemnified by Contractor, pay taxes or legal orders
that are Contractor's obligation, discharge liens or pay any other amounts on
behalf of Contractor.

          f.   TERMINATION WITHOUT CAUSE. WCI shall have the right to terminate
this Agreement upon 48 hours notice without cause. Unless otherwise instructed
in writing, Contractor shall cease performance of all work upon receipt of
notice. WCI shall pay Contractor for all work performed and materials supplied,
or specially fabricated, pursuant to this Agreement before termination provided
that such work and materials were properly authorized by WCI.

          g.   TERMINATION FOR CAUSE. If Contractor fails to perform its duties
described in these General Conditions or in the Project Conditions, WCI shall
have the right to terminate this Agreement immediately. Contractor shall
immediately cease performance of all work and remove all its tools, equipment
and personnel from the site. WCI shall pay Contractor for all authorized work
performed and materials supplied before termination.

          h.   WITHHOLDING OF PAYMENT. WCI shall have the right to withhold all

                                       4
<PAGE>   5
payments to Contractor if WCI reasonably believes that liens will be filed on
the property by Contractor, its employees, subcontractors or suppliers, or if
WCI reasonably believes that Contractor will fail to perform its warranty
obligations pursuant to this Agreement.

     4.   INSURANCE.

          a.   Contractor shall obtain, pay for and keep in effect during the
entire term of this agreement, insurance for the benefit of WCI, as hereinafter
described. Before beginning the work, Contractor shall deliver to WCI an
original, authentic Certificate of Insurance issued by a licensed insurance
agent with the attachments herein described. All insurance policies shall be
written through an insurance company (or companies) reasonably acceptable to
WCI and duly authorized to transact that class of insurance coverage in the
State in which the work is to be performed. The Certificate of Insurance shall
name WCI as an ADDITIONAL INSURED, and shall confirm that the insurance policy
contains a provision that prohibits cancellation or modification or reduction
of coverage or benefits without at least 15 days prior written notice to WCI.
No insurance policy shall contain any provision, or exclusion from liability,
other than provisions for exclusion forming a part of the standard basic
unamended and unendorsed form of policy, provided however, in no event shall
any insurance policy be allowed to contain an exclusion in conflict with the
coverages required by this agreement. If any part of the work to be performed
by Contractor is subcontracted to others, Contractor shall notify WCI in
advance, and any such subcontractor shall be required to comply with the
specifications set forth herein for insurance, including the delivery of
certificates of insurance naming WCI as an ADDITIONAL INSURED, and Contractor
shall be responsible for obtaining and delivering such certificates to WCI
prior to commencing any work. Any insurance policy obtained by Contractor
insuring against loss by physical damage to the work, or covering Contractor's
tools, supplies, machinery or equipment shall contain an endorsement waiving
the right of subrogation against WCI. Nothing in this agreement shall give or
create in any third party any claim or right of action against WCI. The limits
established herein are minimum limits only and do not affect or limit the
insurance coverages available to the insureds or additional insureds pursuant
to the policies of insurance herein described. IF THE CONTRACTOR FAILS TO
PROCURE THE INSURANCE COVERAGES HEREIN DESCRIBED, AND TO MAINTAIN SUCH POLICIES
IN EFFECT DURING THE TERM OF THIS AGREEMENT, WCI SHALL HAVE THE RIGHT, BUT NOT
THE OBLIGATION, TO PROCURE AND MAINTAIN SUCH INSURANCE POLICIES FOR AND IN THE
NAME OF THE CONTRACTOR, AND CONTRACTOR SHALL PAY THE COST THEREOF, AND SHALL
FURNISH ALL NECESSARY INFORMATION AND OTHERWISE COOPERATE TO MAKE EFFECTIVE AND
MAINTAIN SUCH INSURANCE POLICIES.

          b.   WORKERS' COMPENSATION INSURANCE. Contractor shall have in effect
Workers' Compensation Insurance in the amounts required by state law concerning
Workers' Compensation and Occupational Diseases, including employer's liability
coverage of not less than $100,000.00, each accident for bodily injury by
accident, and $100,000.00, each accident for bodily injury by occupational
disease, and $500,000.00 policy limit for bodily injury by occupational disease.
As long as Contractor performs work with WCI it must carry Workers' Compensation
Insurance, and must furnish certificates showing that coverage is in effect
during the period in which the work is to be performed. Contractor for itself
and its employees, hereby waives all rights of subrogation against WCI and shall
notify its Workers' compensation insurance carrier of such waiver, and the
Workers' Compensation and Employer's Liability Insurance Policy shall contain a
WAIVER OF SUBROGATION in favor of WCI.

          c.   GENERAL LIABILITY INSURANCE. Contractor shall have in effect a
policy or policies of general liability insurance for all operations (including
products liability for any product manufactured or assembled) on a form
providing coverage not less than that of standard Commercial General Liability
insurance policy ("Occurrence Form" CG0001 or its equivalent) for operations of
Contractor, including hazards of operations (including explosion, collapse and
underground coverage), elevators, independent contractors, products and
completed operations,

                                       5
<PAGE>   6
with contractual liability coverage (for this agreement) covering indemnity and
defense obligations of Contractor and personal injury liability coverage for
claims arising out of the work hereunder for personal injury, bodily injury and
property damage in a policy or policies of insurance such that the total
available limits combined shall not be less than $500,000.00 Each Occurrence
Limit, $500,000.00 Personal and Advertising Injury Limit, $1,000,000.00 General
Aggregate Limit, and $500,000.00 Products/Completed Operations Aggregate Limit.
THE CERTIFICATE OF INSURANCE AND POLICY FOR THE COMMERCIAL GENERAL LIABILITY
INSURANCE SHALL NAME WCI AS AN ADDITIONAL INSURED USING FORM NO. CG 20 10 11 85
(FORM B) OR CG 20 26 11 85 OR THEIR EQUIVALENT. THE GENERAL LIABILITY POLICY
SHALL BE ENDORSED TO BE PRIMARY AND NON-CONTRIBUTORY TO ANY INSURANCE THAT MAY
BE MAINTAINED BY OR ON BEHALF OF WCI. GENERAL LIABILITY INSURANCE COVERAGE WILL
CONTINUE TO APPLY TO "BODILY INJURY" AND TO "PROPERTY DAMAGE" OCCURRING AFTER
ALL WORK ON THE PROJECT TO BE PERFORMED BY OR ON BEHALF OF THE ADDITIONAL
INSURED (I.E., WCI) AT THE SITE OF THE COVERED OPERATION(S) HAS BEEN COMPLETED
AND WILL CONTINUE AFTER THE PORTION OF "YOUR WORK" OUT OF WHICH THE INJURY OR
DAMAGE ARISES HAS BEEN PUT TO ITS INTENDED USE BY ANY PERSON OR ORGANIZATION
(I.E. BY WCI' CUSTOMER).

          d.   AUTOMOBILE LIABILITY COVERAGE. Contractor shall have in a policy
or policies of automobile liability insurance covering all owned, non-owned
hired automobiles, trucks and trailers used by Contractor in the performance
/work. Such insurance shall provide coverage not less than that of the Bus
Automobile Liability policy in limits not less than $500,000.00 Combined Single
Limit each occurrence for Bodily Injury and Property Damage or Bodily Injury
limits of $100,000.00 Per Person/$300,000.00 Per Accident and Property Damage
Limits of $500,000.00 per accident.

     5.   GENERAL.

          a.   EXTRA WORK AND CHANGE ORDERS. If WCI requests Contractor to
perform extra work or issues change orders for the work, such agreement must be
in writing and must be approved by an authorized representative of WCI. The
written agreement must specify the terms and conditions of the work and the
price. All terms of these General Conditions shall apply to all extra work or
change orders.

          b.   SITE UTILITIES. Contractor shall use only those electrical and
water sources designated by WCI for the site. Contractor shall not use
electricity or water from adjacent property not owned by WCI.

          c.   MATERIAL MANAGEMENT. WCI will provide material for the work,
unless otherwise stated in the Project Conditions. Contractor shall not borrow
or use materials designated by WCI for other work in nearby sites. If
Contractor believes the material supplied by WCI to be insufficient for the
work, Contractor shall immediately notify WCI before beginning work. If
Contractor misuses the material and requires additional material to complete
the work, such additional material shall be obtained at the expense of
Contractor. Unused material remaining after completion of the work is the
property of WCI, and shall not be removed from the site by Contractor.

          d.   ASSIGNMENT. This Agreement cannot be assigned by Contractor. WCI
shall have the right, in its sole discretion, to assign or transfer any of its
rights and obligations under the Agreement, without the consent of Contractor,
to Bay Colony - Gateway, Inc., an affiliate of WCI ("BCG"), or to any parent or
affiliate of WCI or BCG. Furthermore, Contractor agrees that any change of name
or ownership structure (i) WCI and/or its affiliates due to any
merger/exchange/reorganization with Florida Design Communities, Inc. or BCG or
(ii) BCG due to any merger with Florida Design Communities, Inc., or (iii) WCI

                                       6
<PAGE>   7
of BCG due to any debt and/or equity offering of WCI or BCG or their affiliated
entities, or otherwise, shall not be deemed a breach of this paragraph and
Contractor's consent shall be deemed given upon execution of this Agreement.

          e.   INDEPENDENT CONTRACTOR. Contractor is, and shall remain, an
independent contractor throughout the term of this agreement. Contractor shall
not be deemed to be an employee of WCI for any purpose whatsoever. Contractor
agrees to take all steps necessary to protect its status as independent
contractor.

          f.   WAIVER OF LIENS. Contractor, for itself, its employees,
subcontractors and suppliers, hereby waives its statutory, constitutional and
common law rights to assert liens upon the property as a condition precedent to
WCI's obligation to pay any amounts due Contractor. All checks issued by WCI
may contain an endorsement evidencing waiver of lien rights. WCI shall be
entitled to this waiver as a complete bar and defense against liens filed by
Contractor, its employees, subcontractors or suppliers.

          g.   BONDS. WCI shall have the right to require Contractor to provide
a performance bond or completion bond as a condition precedent to payment.

          h.   FINAL INSPECTION. The work shall be complete upon inspection and
acceptance by WCI. WCI shall have the right to reject any work that does not
conform to applicable plans, specifications, manufacturers' installation
instructions, building codes or governmental regulations or has not been
performed in a workmanlike manner.

          i.   CROSS-DEFAULT OF OTHER CONTRACTS. If Contractor defaults under
any other Agreement with WCI, such default shall be deemed to be a breach of
this Agreement, and any charges against Contractor arising from default of any
other Agreement may be set off and withheld from amounts due Contractor under
this Agreement.

          j.   OSHA REQUIREMENTS. OSHA has established regulations entitled
OSHA Hazard Communication Standard. According to the regulations, manufacturers
of hazardous materials are required to furnish Material Safety Data Sheets
("MSDS") giving information on proper handling and precautionary measures in
using the materials. Many substances commonly used in residential construction
fit the description of hazardous materials established by OSHA. Contractor
shall comply with all OSHA regulations pertaining to the work and any materials
used in the work. Contractor shall have sole and exclusive responsibility for
training its employees, subcontractors and suppliers in the proper handling of
hazardous materials and any precautionary measures required. Contractor shall
supply all protective clothing and devices necessary to protect its employees,
subcontractors and suppliers from hazardous materials while on the site.
Contractor shall obtain all MSDS's pertaining to any hazardous material used or
created in the process of performing the work, and shall distribute copies of
such MSDS's to WCI and to all other contractors, subcontractors, and suppliers
performing work on the site. Contractor shall also obtain from all other
contractors, subcontractors, and suppliers performing work on the site, copies
of all MSDS's for all hazardous materials used or created by such contractors,
subcontractors or suppliers, and shall retain copies of such MSDS's and provide
them to Contractor's employees, subcontractors and suppliers as required by the
OSHA regulations. In other words, Contractor must exchange MSDS's with all
other contractors, subcontractors and suppliers, and implement a training
program for its employees.

          k.   AUTHORIZED PERSON. THE DIVISION PRESIDENT, DIRECTOR OF
PURCHASING, DIRECTOR OF CONSTRUCTION, PURCHASING MANAGERS, AND FIELD MANAGERS
shall be the only persons with authority under this Agreement to: (i)

                                       7
<PAGE>   8
execute change orders; (ii) order extra work; (iii) allow Contractor
additional time for performance of the work; (iv) modify, supplement or
terminate this Agreement and (v) do any other act which waives any right or
privilege of WCI under this Agreement.

          l.   TIME. Time is of the essence of this Agreement.

     6.   CONTRACTOR'S WARRANTY. CONTRACTOR UNCONDITIONALLY WARRANTS THE WORK
AGAINST DEFECTS IN MATERIALS SUPPLIED BY CONTRACTOR AND WORK PERFORMED BY
CONTRACTOR FOR THE PERIODS SET FORTH BELOW. THE WARRANTY PERIODS BEGIN TO RUN
ON THE DATE WCI CONVEYS THE PROPERTY TO ITS CUSTOMER UNLESS OTHERWISE STATED IN
THE PROJECT CONDITIONS.

               STRUCTURAL ELEMENTS ARE WARRANTED AGAINST DEFECTS FOR A PERIOD OF
               TEN (10) YEARS.

               PLUMBING, ELECTRICAL AND HEATING/VENTILATING/AIR CONDITIONING
               SYSTEMS INSTALLED BY CONTRACTOR ARE WARRANTED AGAINST DEFECTS FOR
               A PERIOD OF TWO (2) YEARS.

               ALL OTHER ELEMENTS ARE WARRANTED AGAINST DEFECTS FOR A PERIOD OF
               ONE (1) YEAR.

     DEVIATIONS FROM THE PLANS, SPECIFICATIONS, MANUFACTURER'S INSTALLATION
INSTRUCTIONS OR BUILDING CODES ARE DEEMED TO BE DEFECTS IN WORKMANSHIP COVERED
BY THIS WARRANTY WHETHER OR NOT DAMAGES RESULT, AND SHALL BE CORRECTED BY
CONTRACTOR.

     CONDITIONS THAT DEVIATE FROM THE PERFORMANCE STANDARDS OF THE WCI LIMITED
HOME WARRANTY OR STATUTORY REQUIREMENTS OR GENERALLY ACCEPTED INDUSTRY
STANDARDS ARE DEFECTIVE AND SHALL BE CORRECTED BY CONTRACTOR.

     MANUFACTURERS' AND SUPPLIERS' WARRANTIES ON APPLIANCES OR MATERIALS
SUPPLIED BY CONTRACTOR SHALL BE ASSIGNED TO WCI OR ITS CUSTOMER.

     IF DEFECTS ARE REPORTED TO CONTRACTOR DURING THE WARRANTY PERIOD,
CONTRACTOR SHALL TAKE THE FOLLOWING ACTION:

               IN CASE OF AN EMERGENCY SUCH AS A HEATING FAILURE DURING
               FREEZING WEATHER OR ANY PLUMBING OR ELECTRICAL FAILURE,
               CONTRACTOR SHALL TAKE CORRECTIVE ACTION WITHIN 24 HOURS.

               FOR NON-EMERGENCY CONDITIONS CONTRACTOR SHALL TAKE CORRECTIVE
               ACTION WITHIN 48 HOURS.

               REPAIRS SHALL BE MADE IN A FIRST CLASS MANNER AS QUICKLY AS
               POSSIBLE WITH AS LITTLE INCONVENIENCE

                                       8
<PAGE>   9
               AS POSSIBLE TO THE OWNER, AND CONTRACTOR SHALL
               CLEAN UP THOROUGHLY AFTER REPAIRS ARE COMPLETED.

               REPAIRS ARE NOT COMPLETE UNTIL THE DEFECT HAS BEEN
               CORRECTED PERMANENTLY.

               CONTRACTOR SHALL REIMBURSE OWNER FOR ANY DAMAGES TO
               OTHER PARTS OF THE HOME OR PERSONAL PROPERTY CAUSED
               BY THE DEFECT OR THE REPAIRS.

               CONTRACTOR SHALL INDEMNIFY AND DEFEND WCI AGAINST ALL
               CLAIMS FOR DAMAGES OR PERSONAL INJURY RESULTING FROM ANY
               DEFECT OR REPAIR.

     IF CONTRACTOR FAILS TO REPAIR ANY DEFECT OR PERFORM ANY OTHER OBLIGATION,
CONTRACTOR SHALL BE LIABLE TO WCI AND THE PROPERTY OWNER FOR ALL EXPENSES
INCURRED FOR REPAIRING THE DEFECT AND DAMAGES ARISING FROM (i) THE DEFECT, (ii)
THE REPAIRS, (iii) DEFENSE OF ANY CLAIM AGAINST WCI, OR (iv) ENFORCEMENT OF
THIS WARRANTY, INCLUDING ATTORNEYS' FEES AND RELATED EXPENSES.

     THIS WARRANTY IS FOR THE BENEFIT OF WCI AND THE OWNER OF THE PROPERTY
CONTAINING THE MATERIALS SUPPLIED OR WORK PERFORMED BY CONTRACTOR AND SHALL
PASS AUTOMATICALLY WITH CONVEYANCE OF TITLE TO SUBSEQUENT OWNERS. WCI OR ANY
OWNER SHALL HAVE THE RIGHT TO ENFORCE THIS WARRANTY.

     7.   CONTRACTOR'S OBLIGATION TO INDEMNIFY AND DEFEND WCI AND RELEASE OF
WCI FROM LIABILITY TO CONTRACTOR OR OTHERS. CONTRACTOR UNDERSTANDS THAT
ACCIDENTS OR EVENTS CAUSING PERSONAL INJURY, DEATH OR PROPERTY DAMAGE MAY
OCCUR WHILE CONTRACTOR OR ITS EMPLOYEES AND/OR SUBCONTRACTORS AND/OR SUPPLIERS
ARE PERFORMING THE WORK DESCRIBED IN THIS AGREEMENT, AND THAT THE PERSON(S)
SUSTAINING SUCH INJURY OR DAMAGE MAY MAKE A CLAIM AGAINST WCI. CONTRACTOR
ACKNOWLEDGES AND AGREES THAT CONTRACTOR SHALL BE EXCLUSIVELY RESPONSIBLE FOR
THE SUPERVISION AND SAFETY OF ITS EMPLOYEES, SUBCONTRACTORS AND SUPPLIERS, AND
AGREES TO PROTECT, INDEMNIFY AND DEFEND WCI FROM SUCH CLAIMS EVEN THOUGH THE
INSURED PERSON(S) HAS RECEIVED WORKERS COMPENSATION BENEFITS OR OTHER PAYMENTS,
BENEFITS OR COMPENSATION. CONTRACTOR FURTHER ACKNOWLEDGES AND AGREES THAT IT IS
CONTRACTOR'S RESPONSIBILITY TO PAY FOR (1) THE LEGAL EXPENSES INCURRED BY WCI
TO DEFEND OR SETTLE SUCH CLAIMS; (2) THE AMOUNT OF DAMAGES AWARDED TO THE
INJURED PERSON(S) OR THE AMOUNT OF ANY SETTLEMENT PAID TO SECURE THE RELEASE OF
ANY SUCH CLAIM(S) AND (3) THE LEGAL EXPENSES INCURRED BY WCI TO ENFORCE THIS
AGREEMENT AGAINST CONTRACTOR OR CONTRACTOR'S INSURANCE CARRIER. CONTRACTOR
HEREBY RELEASES WCI FROM ANY RESPONSIBILITY OR LIABILITY TO CONTRACTOR THAT
ARISES FROM ANY SUCH CLAIM, WHICH MEANS THAT CONTRACTOR IS KNOWINGLY GIVING UP
ITS RIGHT TO SEEK OR RECEIVE REIMBURSEMENT, COMPENSATION,

                                       9
<PAGE>   10
CONTRIBUTION OR OTHER PAYMENT FROM WCI FOR ANY EXPENSE, DAMAGE, COMPENSATION,
JUDGEMENT OR SETTLEMENT INCURRED BY CONTRACTOR AS A RESULT OF ANY INJURY, DEATH
OR PROPERTY DAMAGE SUFFERED BY ANY EMPLOYEE, SUBCONTRACTOR OR SUPPLIER OF
CONTRACTOR. CONTRACTOR FURTHER AGREES THAT CONTRACTOR IS PROHIBITED FROM
ASSIGNING, AND WILL NOT ASSIGN, ANY INTEREST IN ANY CLAIM CONTRACTOR MAY
POSSESS AGAINST WCI. CONTRACTOR UNDERSTANDS AND AGREES THAT THE WORD "WCI" IN
THIS ARTICLE 6 INCLUDES THE EMPLOYEES, OFFICERS, AGENTS AND REPRESENTATIVES OF
WCI, AND THAT SUCH INDIVIDUALS MAY RELY UPON THE INDEMNIFICATION AND RELEASE
ESTABLISHED BY THIS ARTICLE.

                         [Signatures on following page]

                                       10
<PAGE>   11
CONTRACTOR                         WCI COMMUNITIES LIMITED
                                   PARTNERSHIP

By:                                By:
   ----------------------             ----------------------------
   Name:                              Name:
   Title:                             Title:

Dated:

                                       11
<PAGE>   12
                                  EXHIBIT "A"

                               PROJECT CONDITIONS

Name of Contractor  INTEGRATED HOMES OF FLORIDA, INC.
                  ---------------------------------------------------------

Check One: Corporation [X]

           Partnership [ ]

           Sole Proprietorship [ ]

Business Address  SUITE #103-C, 7301-A WEST PALMETTO PARK RD.,
                  BOCA RATON, FL 33433
                  ---------------------------------------------------------

Business Phone
                  ---------------------------------------------------------

Workers Compensation Insurance Company  CLAREDON NATIONAL INSURANCE CO.
                                       ------------------------------------

Policy No.  7700000006249098
            ---------------------------------------------------------------

Liability Insurance Company  ACCEPTANCE INS. CO.
                             ----------------------------------------------

Policy No.  CL19002899
            ---------------------------------------------------------------

Name of Principal Officer, General Partner, or owner
                                                    -----------------------

Home Address
            ---------------------------------------------------------------

Home Phone
           ----------------------------------------------------------------

Social Security Number
                       ----------------------------------------------------

Taxpayer ID #
              -------------------------------------------------------------

This is part of a Construction Agreement between WCI and the Contractor setting
forth the following Project Conditions. All transactions between Contractor and
WCI shall be governed by the terms of the General Conditions unless otherwise
described below.

1.   WORK

     1.1  DESCRIPTION:
                      -----------------------------------------------------

           ----------------------------------------------------------------

           ----------------------------------------------------------------

<PAGE>   13
     1.2  SPECIAL INSTRUCTIONS:

                                 ------------------------------------------

---------------------------------------------------------------------------

     1.3  WARRANTY. Contractor's warranty shall be as set forth in the General
Conditions unless otherwise stated herein:

---------------------------------------------------------------------------

---------------------------------------------------------------------------

     1.4  Clean-Up Instructions:

                                 ------------------------------------------

---------------------------------------------------------------------------

     1.5  TOOLS AND EQUIPMENT. Contractor shall provide all tools and equipment
necessary for the work except the following to be furnished by WCI:

---------------------------------------------------------------------------

---------------------------------------------------------------------------

     1.6  MATERIAL. Contractor shall provide the following materials:

---------------------------------------------------------------------------

---------------------------------------------------------------------------

     1.7  SPECIAL INSURANCE INSTRUCTIONS:

---------------------------------------------------------------------------

2.   PRICE. See Attached Price Sheet. Prices shall remain in effect for
the period set forth in the Price Sheet and from month-to-month thereafter
until superseded by a new Price Sheet signed by WCI. Contractor shall give at
least 120 days written notice of any price increases. If WCI and Contractor do
not agree upon new prices this Agreement shall terminate. All work begun before
the effective date of a new Price Sheet will be governed by the old Price
Sheet. Price Sheets are part of this Agreement.

3.   PAYMENT. Payment shall be made in _______ draw(s) upon completion of
following stages:

---------------------------------------------------------------------------

---------------------------------------------------------------------------

---------------------------------------------------------------------------

<PAGE>   14
4.   PLANS AND SPECIFICATIONS. See attached Plans and Specifications which are
part of this Agreement.

5.   SCOPE OF WORK. See attached Scopes of Work which are part of this
Agreement.

CONTRACTOR:                        WCI COMMUNITIES LIMITED PARTNERSHIP

By:                                By:
   ----------------------             ----------------------------
   Name:                              Name:
   Title:                             Title:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00016-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00016-of-00352.parquet"}]]