The agreement between the contractor and the property contract for the construction of a house should mention the construction work carried out such as masonry, framing, plumbing, electricity, concreting, etc. The rates in the list are based on the base rates for steel and cement, since in the event of an escalation of those base rates, appropriate adjustments should be made to the contractual amount(s). It is not allowed to climb other objects, materials or accounts. c) Notwithstanding point 12 b) above, the architect may authorize in writing, with the prior written permission of the owner, the maintenance of such defective materials and / or works with the agreement of the owner, and he must set the lower prices or prices that they deem reasonable and that are binding on the contractor. BE CAREFUL. Notice may be sent up to 20 days after the start of the subcontractor`s work or the supplier`s supply of equipment. This can be a big problem if you pay your contractor before you receive the notices. You will not receive prior notice from your main contractor or workers working on your project. The law assumes that you already know that they are improving your property. To preserve their right to register a right of pledge, each subcontractor and material supplier must provide you with a document called „20 days` notice“.
It is not a guarantee. The purpose of the communication is to inform you that the person sending you the message has the right to register a pledge of your property if it is not paid. NOTE: This is only a design agreement in which we have considered an example project in order to be able to analyze with costs and payment terms. Costs or cost-plus: In a Cost Plus contract, the owner reimburses the contractor for all costs incurred during construction, such as equipment and work. The owner also pays an agreed profit margin, usually a flat fee or a percentage of the total cost. (ii) make available to the Owner final instructions from the Holder and all subcontractors and suppliers who depend solely on receipt of the balance. 6.2 Insurance. The contractor and its subcontractors must: PROTECT THEMSELVES AGAINST PLEDGE RIGHTS. You can protect yourself from the guidelines by getting a list of all subcontractors and equipment suppliers working on your project from your contractor. Check with your subcontractor about when these subcontractors started working and when these suppliers delivered goods or materials. Then wait 20 days and make sure of the rulings you will receive.
2. This Treaty consists of a contract based on square feet. The cost per square foot of built area is 1750 (only one thousand seven hundred and fifty) (Fill with costs). Square meters include all built-up areas, including balconies and utilities. Sit outs and passages are charged with Rs. 200 per foot. 8.1 The Holder releases the Owner and, where applicable, his enforcement agent, at his own expense, from all harmful consequences resulting from aggression, illness, illness or death or from injury or destruction of bodily objects other than the Service itself, keeps them harmless and defends them, whether the Owner exposes himself, due to or in connection with an act of negligence or omission or intentional misconduct of the 1998 Contractor, 1994, 1988, 1994 Subcontractors or representatives when providing services. . . .