The rates set in the calendar are based on the base rates for steel and cement which, in the event of an escalation of these base rates, are carried out according to a downward or upward revision of contractually agreed quantities/values. Any escalation of other objects, materials or accounts is not permitted. 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. 16. If, according to the architect, the work carried out by the contractor is unsatisfactory, or if progress is slow or probable, that the contractor is unable to complete the work on time, the owner has the right to terminate the contractor`s contract at the risk by taking 15 days if he has the right to award the contract to agencies they deem appropriate and any cash loss or expense on that account, as the architect attests, is deducted from the money owed by the holder or recovered by the holder. 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. 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. If the contractor`s request is appropriate, the request is processed by the owner.
If the lessor is not satisfied with the extension beyond a reasonable period of time, the contractor is required to pay damages. The agreement should be developed by experts and standards should be developed 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. A work contract can be established based on agreed conditions, construction costs, materials used, basic material costs, project closure frameworks, etc. Information on the type of materials used for construction should be included in the agreement. If the compromise clause is mentioned in the agreement, the dispute should be settled out of court. You should understand that arbitration is the least expensive and billing will be done quickly. If you sign the agreement with the compromise clause, you do not have the right to take the matter to court. If the agreement is signed, it cannot be amended at a later date, unless it is agreed by both parties.
Contractual conditions that are useful to both parties (owners and civil contractors) must be satisfied.