AND THE second party is a great developer and has great experience in building large buildings and has agreed to build the house on the land in question. The owner provides a temporary electrical connection, all taxes on electricity and water during construction are borne by the owner. The home building contract between the owner and the India pdf contractor can be concluded between the two parties with the help of legal advice, where both parties have agreed with the conditions mentioned. 3. If the owners do not complete this work within the time frame set out in the above provision, the owners pay on the owner`s choice, but without prejudice to the other legal rights of the owner and other provisions of the owner, damages liquidated to the tune of Rs………. per day (but subject to a ceiling of 2% of the total amount of the contract payable by the owner under this agreement) for the period between the specified period for completion of the work. The owners expressly agree and authorize the owner to deduct, if necessary, from such liquidated damages from a staggered payment due and to pay to the owners within the meaning of this agreement. A construction contract must be made before the actual construction work can be carried out, as it mentions the extent of the work to be done by the contractor and the levels of payment that must be released by the owner. 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. Before handing over the building to the owner, the maintenance time must be specified in the contract. In most cases, the maintenance period is from six months to one year.
Outsourcing can provide guarantees that can make your job easier, while recruiting someone directly requires additional supervision and management efforts. But direct attitude often gives the owner more control over costs and quality. How does a contractor decide between them? Based on the scale of the project and the existing relationships with the subcontractors, the project manager makes the decision based on what is the cheapest and fastest. 6. The contractor undertakes to complete the work in all respects in order to make the house fully habitable on or before the house (project date). It is expressly stated that time is the essence of the contract. The contractor presents the work plan within 10 days of that date and weekly local meetings are held to monitor progress. Different implementation conditions can increase construction costs and delay the pick for the project. A contracting contractor must know how to manage this possibility and include a language that protects against unforeseen circumstances.