Construction Agreement With Contractor
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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. NOTE: This is only a design agreement in which we have considered an example project in order to be able to analyze with costs and payment terms. A construction agreement is an agreement that is executed by two parties, either between the owner and the contractor, or the contractor or owner. The total cost of the building = Rs. 70,67,000 (Rupees seventy 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 indicated and signed in the calendar _______ (Fill in the date of signature). (Any additional work is paid at the prices quoted). If the OWNER decides to provide the necessary building materials, the costs of these materials are credited and the value deducted from the immediately subsequent current invoice. 16. If, according to the architect, the work carried out by the contractor is unsatisfactory, if progress is slow or if it is likely that the contractor will not be able to complete the work within the prescribed time, the owner has the right to terminate this contract at the contractor`s risk by creating fifteen days if he has the right: to award the contract to the agencies he considers possible Fit and all cash losses or expenses incurred on this account, as attested by the architect, shall be deducted from the funds due to the contractor or recovered by the contractor. . .