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. 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. The terms and conditions agreed by both parties should be taken into account in writing. This information should be included in the agreement. The success of the construction depends on clearly defined expectations and schedules. Errors or delays have negative effects on both homeowners and contractors, resulting in additional costs for homeowners, who cannot use the property for the intended purpose on the scheduled date and result in additional work and equipment costs for contractors. The owner provides a temporary electrical connection, all taxes on electricity and water during construction are borne by the owner. If you want to start work immediately, you can accept an interim agreement. You should mention in the agreement that the interim contract is in effect until a permanent contract is signed between the owner and the contractor. If there are changes, they should be made in accordance with the agreement between the owner and the contractor. In most cases, there will be no change.
The changes will be minor. For example, the layout of cabinets, wiring and the inclusion of additional power outlets and other aspects may be discussed by the owner, so that his interests are served by the contractor. As long as construction costs are within the price limit, there will be no difficulty in making changes. b) Architects have the power to order the removal of defective materials or works from the works in order to order replacement materials in accordance with this agreement and schedules. 11. 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. The agreement should mention the cost of different building materials used for the construction of the house. If we are not talking about additional fees, they should be discussed with the housing contractor. If you go for a package for specific extra work that is performed differently than mentioned in the agreement. You should receive a quote if you have to pay additional expenses.
Amount of lump: Also known as the traditional “fixed price” contract, this is the most common price for construction contracts. In a lump sum contract, the parties agree on a fixed price based on the contractor estimating the costs of a complete and final project. Lump-sum contracts take into account all materials, subcontracting, work, indirect costs, profits and more. The total area of the building is 4004 Sft (Fill Total Area). Therefore, 4004X1750 – Rs. 70.07,000 (Seventies Lakhs only 7 thousand) It is necessary to make a house building contract before doing with the actual work, as it mentions the extent of the work that must be released by the contractor and the payment levels that must be released by the owner.