The terms and conditions agreed by both parties should be taken into account in writing. This information should be included in the agreement. 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. 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. 16. Does the architect consider that the work carried out by the contractor is unsatisfactory, or that progress is slow or that it is likely that: the contractor will not be able to complete the work on time, the owner has the right to terminate the contract at the contractor`s risk by taking 15 days if he has the right to award the contract to agencies they deem appropriate and any cash loss or expense in that account, as the architect attests, is deducted from the money owed by the holder or recovered by the holder. The agreement should be developed by experts and standards should be developed to protect the interests of both parties. The signing date of the contract must be displayed at the top of the page. The date of occupancy of the site by the contractor should be set in the agreement. If the compromise clause is mentioned in the agreement, the dispute should be settled out of court. You should understand that arbitration is the least expensive and billing will be done quickly. If you sign the agreement with the compromise clause, you do not have the right to take the matter to court.
7. The tax on construction contracts, if any, is included in the rates indicated in Part 2 (quantity accounting) of this agreement. All items not auctioned are calculated on the basis of the actual profit – 15% The owner must provide the temporary electrical connection, all electricity and water costs during construction are borne by the customer. The agreement should mention the cost of different building materials used for the construction of the house. If we are not talking about additional fees, they should be discussed with the housing contractor. If you go for a package for specific extra work that is performed differently than mentioned in the agreement. You should receive a quote if you have to pay additional expenses. 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. The standard agreement between the owner and the contractor will contain full details of the construction. The construction must be carried out as a local construction.