Contract Agreement For Construction Work In Telugu

1. The Contractor shall, subject to the consideration of the money to be paid in the manner described below, to carry out and complete the Work in accordance with the plan and specifications attached to the satisfaction of the owner and his architect __#______ The standard agreement between the owner and the contractor contains complete details about the construction. Construction must be carried out in accordance with local construction guidelines. The contract should contain drawings and specifications approved by the competent authority. The details of the authorization granted by the local government should also be mentioned in the agreement. While the owners own land with #________ ___ (address of the land on which the construction is carried out) and wish to build a house on said land, in accordance with the chartered architect`s plan and the specifications, steps and quantities that are attached to this contract and are part of this agreement. Taking into account the amount of the contract mentioned, which must be paid on the dates set out in the attached payment regulations and in the following manner, the contractors shall strictly carry out the work referred to in Annex 1, which is described in Annex 1 and appearing on those drawings and appearing on those drawings, strictly in accordance with the general specifications set out in the Annex and labelled as Annex III. The amount of the security hold is equal to 3% of the value of the work performed and certified by the customer/customer representative. And after 3 months of virtual completion of the project and where the employer agreed to appoint the contractors for the aforementioned works; and 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. 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.

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. 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 on schedule, 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, That he considers possible Fit and all cash losses or expenses incurred in this account, as attested by the architect, are deducted from the funds due to the contractor or recovered by the contractor. The terms of the agreement between the Owner and the Contractor include the work to be performed, construction periods, payment plans, escalating costs, delays, penalties, building materials used, etc.c) Notwithstanding point 12(b) above, the Architect may, in writing, authorize, with the prior written permission of the Owner, the maintenance of such defective materials and/or works with the agreement of the Owner, and he must set the lower prices or prices that they deem reasonable and that are binding on the Contractor.

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