Contract Agreement For Construction Work

11. If the owner decides to provide the necessary building materials, the cost of those materials shall be credited to him and the value deducted from the immediately subsequent current invoice. In case of delay of the contractor, the defects must be eliminated and eliminated within the period indicated by the architect/owner. Contractual agreements vary or may have several modifications depending on the contract executed: the total cost of the building = Rs. 70.67,000 (Rupees 700 lakhs only sixty thousand) (Fill in the total cost of the building) to carry out the work relating to the entire construction of the building in question, in accordance with the architectural and structural drawings and according to the points mentioned in the calendar and signed on _______ (Fill in the date of signature). (Any additional work is paid at the prices quoted). In order for lump sum damages to be maintained, the damage suffered by the owner must be uncertain or difficult to determine in advance. In addition, lump sum damages must be of a reasonable amount and must not be a penalty. And the delay in construction cannot be due to circumstances that are not controlled by the contractor, such as for example.

B changes in work or extreme weather conditions. A contractual agreement concluded provides for a warranty period or malfunction. Under this agreement, services have been provided, but the contract protects one party if the performance of the other party does not offer the adequate guarantee of a defective or defective installation. A house construction agreement must be made before proceeding with the actual work, as it mentions the extent of the work that must be carried out by the contractor and the payment steps that must be released by the owner. M.s.b.a. Real estate form no. .