Building Material Contract Agreement

4. The rates indicated in the schedule apply in all respects to complete work and include all direct, indirect and contingent costs, expenses including scaffolding, centering materials and formwork, rental of tools and machinery, transport costs and temporary sheds for the storage of materials, removal of deposits, etc. If the contractor`s request is appropriate, the request is processed by the owner. If the owner is not satisfied with the extension beyond a reasonable period, the contractor is liable for damages. 6. The Contractor undertakes to complete the work in all respects in order to make the house fully habitable on or before _____ ______ (mention the date of the project). It is an explicit provision that time is the nature of the treaty. The contractor must submit the work plan within ten days of that date and weekly site meetings are held to monitor progress. The Owner may engage and pay other persons to remedy such defects and defects, and the costs and costs arising therefrom shall be borne/corrected and/or recovered by the Contractor, on any money, including the retention indemnity, which may be due to the Civil Contractor or other costs. If you do not pay according to the date stated in the contract, you may want to pay the fine.

Similarly, the contractor is obliged to pay a penalty if it has not completed the project within the time limit. Although the cost of different types of raw materials increases, the contractor should respect the contract and deliver it according to the schedule. 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. 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. This type of contract includes a total fixed price for all construction-related activities.

Lump-sum contracts may include incentives or benefits in the event of early termination or include penalties, known as lump sum damages, in the event of late termination. . . .