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House Building Contract Agreement Sample

8. If the above work is completed in the manner provided for by the above provision, the architect must notify the owners in writing of the removal of their surplus materials and installations and, if the owners do not do so within seven days, the owner may sell it by public auction and credit the owners with the net amount realized. The architect must then establish and certify in writing what must be paid (if anything) to the owner or the owner, for the value of the work and the materials thus covered by the owner, as well as the costs or losses that the owner would have incurred when the work was acquired and, if so, the amount that goes to the owners and the amount to be certified is then paid by the owner or the owner. by the owner to the owner, and the architect`s certificate must be final and conclusive between the parties. c) All authorized exemptions for which a rate or price have not been previously agreed are assessed and evaluated by the architect. Goods for which such a rate does not exist are treated by the contractor in the workplace, plus 15% of vat on the actual cost, plus actual costs, provided the architect correctly certifies these costs. 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. Cost or cost-plus: In a cost-plus contract, the owner reimburses the contractor for all costs incurred during construction, such as equipment and work. The owner also pays an agreed profit margin, usually a flat fee or a percentage of the total cost.

5. The owner allows the contractor`s agents, employees, subcontractors and any other person necessary to carry out the work under the entrance and exit agreement. The owner may employ and pay others to remedy these defects and defects, and the full cost and expenses that result will be borne by the contractor or reimbursed by the contractor, by any money, including withholding pay due or by any other means. 4. The owner pays the builders a sum of Rs…………. whose owner pays each week to the owners the amount that can be sufficient to cover the costs incurred by the owners for the materials used in the works, verified and certified by the architect, Rs…… on the architect`s certificate that the work is completed up to the first floor, the additional sum of Rs ………… on the architect`s certification that the work is completed and that the balance must be paid on the architect`s certificate, that the above works have been completed in all respects in accordance with the agreement and that the owners have, at their own expense, removed all scaffolding, fencing, materials and unused waste from the premises and managed the bungalow for immediate use and use and management. However, an amount equal to 5% of the total amount of the contract payable by the owner under this contract is withheld by the owner as a deduction allowance which, after a period of 12 months from the date of delivery of that bungalow, is fully due and is due for occupancy.

The owners agree and undertake to remedy any defects that can be found or found during the 12-month period.