The agreement between the contractor and the owner`s contract for the construction of a house should mention construction work such as masonry, frame, plumbing, electricity, cementing, etc. If the owner decides to provide the necessary building materials, he is credited with the cost of these materials and the value is deducted from the current invoice immediately below. NOTE: This is just a draft contract in which we have considered a model project to analyze the costs and terms of payment. There should be no conflict in the payment method. The method of payment can be made in cash, cheques or electronic transfers in accordance with the reciprocal agreement. The law of the land should be respected so that there are no problems. You can cancel the payment at the end of the month. If you are unable to pay large bills at a time, you can negotiate with the contractor to have the bill paid in increments. The frequency of payments and the volume of payments need to be clarified. This agreement allows the parties to write down the exact nature and details of the work to be carried out, as well as the responsibilities of each party throughout the construction. The terms of payment for the project are also mentioned. In general, there are three different types of pricing agreements: the agreement should be developed by experts and the development of standards should be maintained 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. (9) The contractor works in coordination with other organizations working on the building. It gives them all cooperation and support. The completion date is not extended to this account. The contractor must rectify the damage caused by the building`s electricity, sewerage and water supply work, which must be paid accordingly. The building will be built on the land in question in accordance with the plans, drawings, specifications and heights, as established by the architect, annexed here and marked as Annex A, with the material of the highest quality and in the most essential and similar way to that of the workers and to the satisfaction of the architect. 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. 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.
