You might also want to cruise over to michaelandpaula.com to the azo forum and see what's in the archives over there as well as asking the same question.
Lots of folks, even with high-falootin' multiple-enlarger big-bucks darkrooms still do their contact sheets with not much more than a lightbulb suspended over a sheet of glass. Frequently, they use contact printing frames, to ensure that the negs are pressed more tightly against the paper.
Shop around your local hardware or dollar store and look for one of those clamp-on silver reflectors with a bulb socket in the middle -- the ten or twelve inch reflectors are the ones I"m thinking about.
Mine has raised rings around the inside. I've always thought I'd get smoother lighting if I got one without the rings, but I never saw any ill effects from them. To further ensure smooth lighting, you should probably find one of those bulbs where the end is silvered so all the light goes up against the reflector. I think the kind I got was an "R40".
Plug the reflector in, screw a hook into your ceiling (into a joist, or use an expansion bolt or molly screw... whatever's necessary), and either hang the reflector right off the hook or off a string hanging from the hook so you have smooth, even coverage over a level, flat surface where your contact printing frame or glass will go.
I think you'll eventually want to get some Azo. If you can afford some right off the bat, give it a try. If not, get a low-wattage bulb so your exposure times will be as long as possible with fast enlarging papers.
Metronomes work just fine as timers. Alternately, you could use your wris****ch, since you'll be timing while the light is on.
GEt a big, thick, opaque piece of cardboard and cover your paper when you first turn on the light, then pull it off to one side, time your exposure, and replace the cardboard over the opposite side. This way, you've got more predictable exposures.
In the beginning, you could probably plug and unplug the lamp to turn it on and off, but you would probably be well-advised to get one of those extension cords with a switch on it (US$5 or so?) so you can switch the light on and off without knocking it around or messing with the outlet. I got a heavy-duty inline electrical switch and installed it just south of the plug on the electrical cord for the reflector lamp.
...some thoughts off the top of my head. hope they're helpful.
-KwM-