Document:

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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

                                       5<PAGE>

                                                                   EXHIBIT 10.29

                        SUPPLEMENTAL CONTRACTOR AGREEMENT

This Supplementary - Explanatory Contractor Agreement (the "Agreement") is
entered into effective as of the 3rd day of January 2001, by and between ENGLE
HOMES INC., a Florida corporation ("ENGLE") and TECHNICAL OLYMPIC S.A., a Greek
corporation ("CONTRACTOR") through its registered branches in Texas or Florida.

                                    RECITALS

WHEREAS, on November 22nd 2000, a Contractor Agreement between ENGLE and the
CONTRACTOR, was signed.

WHEREAS, ENGLE and the CONTRACTOR desire to complete and clarify hereof the
Contractor Agreement dated November 22nd 2000.

WHEREAS, ENGLE desires for its subsidiaries and affiliates in Texas or Florida
(the "ENGLE Entities") to receive economic benefits by utilizing the services of
CONTRACTOR, for a total contract value of ONE HUNDRED FORTY ONE MILLION THREE
HUNDRED NINETY THOUSAND DOLLARS ($141.390.000), that is:

         a.       Texas - fourteen million five hundred thousand dollars
                  ($14.500.000)

         b.       Florida - one hundred twenty six million eight hundred ninety
                  thousand dollars ($126.890.000)

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

WHEREAS, for such purpose, ENGLE will cause the ENGLE Entities in Texas or
Florida 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 in Texas or Florida (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 assure 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

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         (the "Services"), on behalf of and for the account of ENGLE and the
         ENGLE Entities in Texas or Florida 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 for a total contract value of one
                  hundred forty one million three hundred ninety thousand
                  dollars ($141.390.000) as may be directed by the respective
                  ENGLE Entities in Texas or Florida from time to time.

         b.       In the event any of the ENGLE Entities in Texas or Florida
                  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 Texas or Florida, 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 in Texas or Florida agree that the
                  same is in their best interest, a ENGLE Entity in Texas or
                  Florida 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 Entity in Texas or Florida
                  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 in Texas or Florida sole
                  discretion. CONTRACTOR shall comply with instructions it may
                  receive from the respective ENGLE Entity in Texas or Florida
                  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 in Texas or Florida.

         c.       With regard to any materials and supplies purchased by
                  CONTRACTOR on behalf of a ENGLE Entity in Texas or Florida for
                  the construction, the respective ENGLE Entity in Texas or
                  Florida 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 in Texas or Florida 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.

                                       2

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4.       Contractor Fee.

         For the services rendered by the CONTRACTOR as described in Section 3
         above, ENGLE will reimburse to him amount equal to the total of the
         CONTRACTOR'S expenses according to the present agreement and supported
         by the respective invoices. Additionally the general expenses for the
         establishment and operation of the CONTRACTOR'S subsidiaries will not
         be invoiced to ENGLE and will be incurred by the CONTRACTOR.

5.       Indemnification.

         a.       ENGLE shall indemnify and hold CONTRACTOR 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 fees arising from,
                  or related to (i) claims by any other parties to the Contracts
                  because of the assignment of the Contacts to CONTRACTOR; (ii)
                  any claims by any customer or homebuyer of the ENGLE Entities
                  in Texas or Florida 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 in Texas or Florida; or (iii) termination of
                  any Contract by the other party thereto due to a failure of
                  any of the ENGLE Entities in Texas or Florida to pay for
                  products of services delivered or sold under such Contract.

         b.       CONTRACTOR shall indemnify and hold ENGLE and the ENGLE
                  Entities in Texas or Florida 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 fees arising from, or related to,
                  the assignment of the Contracts and the assumption of the
                  liabilities of the ENGLE Entities in Texas or Florida under
                  the Contracts by CONTRACTOR, including but not limited to any
                  claims of breach 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 provisions concerning indemnification shall survive
                  the termination of this Agreement.

6.       Term and Termination.

         This Agreement shall commence on the date hereof and shall continue to
         be in effect until the completion of the project of a total value of
         one hundred forty one million three hundred ninety thousand dollars
         ($141.390.000).

7.       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

                                       3

<PAGE>

         employer/employee relationship for any purposes whatsoever. Nothing in
         this Agreement shall be construed to make either party hereto an agent,
         joint venture, 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, orders,
         policies, procedures and financial and accounting reporting
         requirements.

8.       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.

9.       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.

10.      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:

         If to ENGLE:                       ENGLE Homes Inc.
                                            1200 Soldiers Field Drive
                                            Sugar Land, Texas 77479
                                            Facsimile:  281-243-0116
                                            Attention:  Holly A. Hubenak

         If to CONTRACTOR:                  Technical Olympic S.A.
                                            3624 Long Prairie Rd
                                            Suite 209, Flower Mound
                                            Texas  75022
                                            Facsimile: 972-899-8804
                                            Attention: Tommy McAden

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

                                       4

<PAGE>

         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.

11.      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.

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

EXECUTED effective as of the 3rd day of January, 2001.

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

                                       5

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