Building Construction Agreement Format In Malayalam
Information on the nature of the materials used for construction should be included in the agreement. 3. If the contracting authorities do not complete the works mentioned within the time limit set by the above provision, the contracting authorities, at the choice of the owner, but without prejudice to the other rights of the owner and other provisions, shall be obliged to pay a lump sum compensation corresponding to Rs….. per day (but with a maximum of 2% of the total contract amount to be paid by the owner under this Agreement) for the period between the date set for the completion of the work. The contracting authorities expressly agree and authorise the owner to deduct, where appropriate, such lump sum compensation from any instalment of payment due and payable to the contracting authorities within the meaning of this Agreement. 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. Before signing a construction contract between the owner and the contractor, it should be ensured that all goods are properly covered in order to ensure sufficient legal protection. Suppose your contractor and his or her team have suddenly stopped working and he or she is asking for excessive remuneration for materials and work that were not originally agreed. Or your client, the owner, refuses to pay you once the project is complete. In any case, you must ensure that you have a written agreement on the protection of your rights.
If you don`t have an agreement, you risk wasting time and money, not to mention the quality of the construction. 11.