This agreement allows the parties to record in writing the exact nature and details of the work to be performed as well as the responsibilities of each of the parties throughout the construction. In addition, the terms of payment for the project will also be detailed. Generally speaking, there are three different types of price agreements: the house construction contract between the owner and the contractor pdf India can be established between the two parties with the help of legal advice, if both parties have accepted these conditions. The agreement between the contractor and the property contract for the construction of a house should mention the construction work carried out such as masonry, framing, plumbing, electricity, concreting, etc. If the agreement is signed, it cannot be amended at a later date, unless it is agreed by both parties. It is necessary to be satisfied with the contractual conditions enjoyed by both parties (owners and contractors). If you are not satisfied with the contractual conditions, you should be able to negotiate with the contractor. 3. The architect shall designate the architect ______ _____ (name and surname of the architect) #____ with office address _______ (office address) and/or representative designated by the owner and, in the event of a stoppage, to be the architect, any other name designated by the owner and known in writing to the contractor. After several meetings with different developers/developers to build the house of your dreams and browse through several construction offers, select the contractor you think is the right person to build your home in Bangalore. If you want to start working immediately, you can opt for an intermediate contract. You should mention in the agreement that the interim contract will remain in effect until a permanent agreement is signed between the owner and the contractor. 1.
The Contractor undertakes to make available all materials and works necessary for the performance of the following works: [Describe the work to be carried out], as indicated in the drawings and described in the specifications established by _______ which are marked by the signatures of the Parties to this Agreement and which form part of this Agreement. 7. All taxes on contracts of enterprise that may be incurred shall be included in the rates indicated in Part 2 (list). All items not put in competition are calculated based on the actual profit of +15% There should be no conflict in the payment method. The method of payment can be made by cash, check or electronic transfer of money, in accordance with the mutual agreement. The law of the land should be respected so that there are no problems. You can settle the payment at the end of the month. If you are not able to pay large bills immediately, you can negotiate with the contractor so that the payment of the invoice is made in instalments. It is therefore necessary to clarify the frequency of payments and the volume of payments. 8. The Entrepreneur is solely responsible for compliance, costs, liability, damages, etc., due to the following matters, in accordance with laws, regulations and the Owner is in no way responsible for such compliance, costs, liability and damages. .