1. That the owner has agreed to dismantle at his own expense the existing building, which is number 136 of Bunglow, Nehru Road, Allahabad. All the material of the existing structure must be owned by the owner after the demolition. The owner must remove all equipment within a week of the demolition of the building at his own expense. Before signing a construction contract between the owner and the contractor, it is necessary to ensure that all property is properly covered, so that there is sufficient legal protection. If the owner does not complete the work within the prescribed time frame, the information is immediately made available to the owner. The reason for the lengthening of the time should be communicated to the owner. Without prejudice to its rights, the owner may, at his choice, tolerate such a delay in payment by the developer and extend the payment period if the developer pays interest of ………% per year on the late rate, provided that the owner makes a written request for payment of the sum attached to the developer before terminating this agreement, as announced above. If the developer pays the amount that is the owner with interest inside……….
Days after receiving this claim, the owner has no right to terminate the contract under this clause. 16. That the parties expressly agreed that escalating costs must be taken into account by the owner if the construction period is extended at the request of the owner. 10) that the overall contract price was established in the plan of the building in Schedule A. The owner evaluates the investments made by the owner on behalf of the building every Monday and makes payments to the owner in about 90% of this investment, and the owner has no additional payment to demand from the owner. The weekly investment is certified by the owner`s architect, which is acceptable as a contractor. The contractor is responsible for the safe conservation and conservation of all materials on site. It reimburses the owner for any loss that may result. YES, It is very important to get a construction contract even before the construction of a house, because it clearly mentions the conditions agreed between the two parties such as owners/contractors/work contractors. (a) THE Rs. …………. (Roupies………………….
only) is paid at the time of signing the empty agreement Chq No………………. dated…………………. signed on……………. bench………………………………………. b) The architect may, with the owner`s consent, omit the works presented or described in the calendar or add or vary them. Please indicate the documents required by the owner who sells his land after entering into the development contract with the owner. An employment contract for the construction of the house in India between the owner and the contractor must be concluded to mention all civil engineering work included in the contractual agreement and excluded. 8.
That the parties also agree that the owner and the owner`s architect will jointly inspect the work shortly after the completion of the work. The owner reports construction defects and gives written instructions to the owner to correct defects, and the owner is required to follow the instructions.