Fans of D.C. United can rest assured a new stadium will be built on time and on budget.

United managing partner Jason Levien was joined by District of Columbia Mayor Vicent C. Gray and a number of other officials at Nationals Park on Tuesday to sign a labor agreement to get the club in its proposed new stadium at Buzzard Point in time for the 2016 MLS season as planned.

The agreement states the new stadium will be constructed on time and on budget, provide employment opportunities for District residents and provide business opportunities for local, small and disadvantaged companies in the city.

“We were able to build the Washington Nationals ballpark in 24 months due to the strong partnership with labor," said District of Columbia city administrator Allen Y. Lew. "... I’m confident we will have similar success on the soccer stadium.”

The planned state-of-the-art 20,000- to 25,000-seat soccer-specific stadium in Buzzard Point — the plans for which were unveiled to the public in July — is scheduled to cost $300 million. It will be across the street from the Washington Nationals home park.

D.C. United have played the entirety of the club's existence at aging RFK Stadium.