Common use of WATER AND POWER SUPPLY Clause in Contracts

WATER AND POWER SUPPLY. The owner shall arrange for a temporary electrical connection, all electricity and water charges during the course of the construction will be borne by the client. 15. DEFECTS LIABILITY PERIOD: Any defects, leakages, shrinkage or any other faults which may appear within three calendar months from the date of completion of the work, shall upon the direction in writing of the architect or owner and within such reasonable time as shall be specified therein be rectified and made good by the contractor at his own cost. In case of default on the contractor’s part to rectify and make good the defects within the time specified by the Architect/Owner. The owner may employ and pay other persons to set right such defects. Faults and the entire cost and expenses incurred thereon shall be borne by / made good by and/or be recoverable from the contractor, from any money including retention money due or which may become due to the civil contractor or otherwise. 16. If, in the opinion of the architect, the work carried out by the contractor is unsatisfactory, or the progress is slow, or, likely, the contractor would not be able to complete the work within the schedule, the owner shall have the right to terminate this agreement, at the contractor’s risk by giving 15 days when having the right to award the contract to such of the agencies as they may deem fit and any cash loss or expenses incurred on this account, as certified by the architect will be deducted from money due to or recovered from the contractor. The Building contractor shall be responsible for the safe preservation and custody of all materials at the site. He shall compensate and reimburse the owner for any loss, damages that may arise therefrom. 18. The Owner, while retaining possession of the site, has only permitted the contractor to enter upon the property to construct a residential house. The owner shall be subsequently entitled at any time to freely enter upon and exercise all acts of possession and ownership over the aforesaid residential site. 19. Mobilization advance of Rs 7,00,000.00 (Rupees Seven Lakhs only) (Fill the Advance amount given) is agreed upon by owner to be paid to contractor, vide cheque # , dated (Fill Cheque no and Date) drawn on (Date of clearance), before the commencement of work. 20. In case of any dispute or difference between the owner and the contractor, the architect’s decision shall be binding on both parties.

Appears in 5 contracts

Samples: Construction Agreement, Construction Contract, Construction Contract

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WATER AND POWER SUPPLY. The owner shall arrange for organizes a temporary electrical connection, all the costs of electricity and water charges during the course of the construction will be borne by the clientcustomer. 15. DEFECTS LIABILITY PERIOD: Any defects, leakagesleaks, shrinkage or any other faults which that may appear occur within three calendar months from the date of completion of the work, shall upon the direction in writing of date must be ordered by the architect or owner and within such a reasonable time as shall it should be specified therein stated, be rectified corrected and made good done well by the contractor at his own costexpense. In case of default on If the contractor’s part contractor fails to rectify meet its obligations to repair and make good the repair defects within the specified time specified by the Architectarchitect/Ownerowner. The owner may employ hire and pay other persons others to set right fix such defects. Faults defects and the entire cost malfunctions, and expenses all costs and costs incurred thereon shall in it must be borne by / incurred/made good by well and/or be recoverable from raised with the contractor, from out of any money including retention withholding money due to or which may become due to the civil a civilian contractor or otherwise. 16. If, in the opinion of the architect's opinion, the work carried out by the contractor is unsatisfactory, or the progress is slow, or, likely, slow or it is likely that the contractor would will not be able to complete the work within during the schedule, the owner shall have has the right to terminate this agreement, at the contractor’s risk by of the contractor giving 15 days when having they have the right to award the contract to such of the agencies institutions as they may deem fit and any cash monetary loss or expenses incurred on this account, in that account as a certified by the architect will be deducted from the money due to associated with or recovered from the contractor. The Building construction contractor shall be is responsible for the safe preservation storage and custody storage of all materials at the site. He shall must reimburse and compensate and reimburse the owner for of any lossdamages, damages losses that may arise therefromfrom this. 18. The Ownerowner, while retaining possession ownership of the siteplot, has only permitted allowed the contractor to enter upon the property to construct a residential houseonly for the purpose of building an apartment building. The Subsequently, the owner shall be subsequently entitled has the right at any time to freely enter upon and exercise carry out all acts of possession ownership and ownership over of the aforesaid above-mentioned residential site. 19. Mobilization advance of Rs 7,00,000.00 (Rupees Seven Lakhs only) (Fill the Advance amount given) is agreed upon by owner to be paid to contractor, vide cheque # , dated (Fill Cheque no and Date) drawn on (Date of clearance), before the commencement of work. 20. In case of any dispute or difference between the owner and the contractor, the architect’s decision shall be binding on both partiesarea.

Appears in 3 contracts

Samples: Construction Agreement, Labour Contract Agreement, Construction Agreement

WATER AND POWER SUPPLY. The owner shall arrange for a temporary electrical connection, all electricity and water charges during the course of the construction will be borne by the client. 15. DEFECTS LIABILITY PERIOD: Any defects, leakages, shrinkage or any other faults which may appear within three calendar months from the date of completion of the work, shall upon the direction in writing of the architect or owner and within such reasonable time as shall be specified therein be rectified and made good by the contractor at his own cost. In case of default on the contractor’s part to rectify and make good the defects within the time specified by the Architect/Owner. The owner may employ and pay other persons to set right such defects. Faults and the entire cost and expenses incurred thereon shall be borne by / made good by and/or be recoverable from the contractor, from any money including retention money due or which may become due to the civil contractor or otherwise. 16. If, in the opinion of the architect, the work carried out by the contractor is unsatisfactory, or the progress is slow, or, likely, the contractor would not be able to complete the work within the schedule, the owner shall have the right to terminate this agreement, at the contractor’s risk by giving 15 days when having the right to award the contract to such of the agencies as they may deem fit and any cash loss or expenses incurred on this account, as certified by the architect will be deducted from money due to or recovered from the contractor. The Building contractor shall be responsible for the safe preservation and custody of all materials at the site. He shall compensate and reimburse the owner for any loss, damages that may arise therefrom. 18. The Owner, while retaining possession of the site, has only permitted the contractor to enter upon the property to construct a residential house. The owner shall be subsequently entitled at any time to freely enter upon and exercise all acts of possession and ownership over the aforesaid residential site. 19. Mobilization advance of Rs 7,00,000.00 (Rupees Seven Lakhs only) (Fill the Advance amount given) is agreed upon by owner to be paid to contractor, vide cheque # , dated (Fill Cheque no and Date) drawn on (Date of clearance), before the commencement of work. 20. In case of any dispute or difference between the owner and the contractor, the architect’s decision shall be binding on both parties.

Appears in 2 contracts

Samples: Construction Agreement, Construction Contract

WATER AND POWER SUPPLY. The owner shall arrange for organizes a temporary electrical connection, all the costs of electricity and water charges during the course of the construction will be borne by the clientcustomer. 15. DEFECTS LIABILITY PERIOD: Any defects, leakagesleaks, shrinkage or any other faults which that may appear occur within three calendar months from the date of completion of the work, shall upon the direction in writing of date must be ordered by the architect or owner and within such a reasonable time as shall it should be specified therein stated, be rectified corrected and made good done well by the contractor at his own costexpense. In case of default on If the contractor’s part contractor fails to rectify meet its obligations to repair and make good the repair defects within the specified time specified by the Architectarchitect/Ownerowner. The owner may employ hire and pay other persons others to set right fix such defects. Faults defects and the entire cost malfunctions, and expenses all costs and costs incurred thereon shall in it must be borne by / incurred/made good by well and/or be recoverable from raised with the contractor, from out of any money including retention withholding money due to or which may become due to the civil a civilian contractor or otherwise. 16. If, in the opinion of the architect's view, the work carried out by the contractor is unsatisfactory, or the progress is slow, or, likely, slow or it is likely that the contractor would will not be able to complete the work within the schedule, the owner shall have has the right to terminate this agreement, at the risk of the contractor’s risk by , giving 15 days when having they have the right to award the contract to such of the agencies institutions as they may deem fit and any cash monetary loss or expenses costs incurred on in this account, as a certified by the architect will be deducted from money due to taken out of the money, or recovered from the contractorcontractor will be taken out of the money. The Building construction contractor shall be is responsible for the safe preservation storage and custody storage of all materials at the site. He shall must reimburse and compensate and reimburse the owner for of any lossdamages, damages losses that may arise therefromfrom this. 18. The Ownerowner, while retaining possession ownership of the siteplot, has only permitted allowed the contractor to enter upon the property to construct a residential houseonly for the purpose of building an apartment building. The Subsequently, the owner shall be subsequently entitled has the right at any time to freely enter upon and exercise carry out all acts of possession ownership and ownership over of the aforesaid above-mentioned residential site. 19. Mobilization advance of Rs 7,00,000.00 (Rupees Seven Lakhs only) (Fill the Advance amount given) is agreed upon by owner to be paid to contractor, vide cheque # , dated (Fill Cheque no and Date) drawn on (Date of clearance), before the commencement of work. 20. In case of any dispute or difference between the owner and the contractor, the architect’s decision shall be binding on both partiesarea.

Appears in 2 contracts

Samples: Construction Agreement, Construction Contract

WATER AND POWER SUPPLY. The owner shall arrange for a temporary electrical connection, all electricity and water charges during the course of the construction will be borne by the client. 15. DEFECTS LIABILITY PERIOD: Any defects, leakages, shrinkage or any other faults which may appear within three calendar months from the date of completion of the work, shall upon the direction in writing of the architect or owner and within such reasonable time as shall be specified therein be rectified and made good by the contractor at his own cost. In case of default on the contractor’s part to rectify and make good the defects within the time specified by the Architect/Owner. The owner may employ and pay other persons to set right such defects. Faults and the entire cost and expenses incurred thereon shall be borne by / made good by and/or be recoverable from the contractor, from any money including retention money due or which may become due to the civil contractor or otherwise. 16. If, in the opinion of the architect, the work carried out by the contractor is unsatisfactory, or the progress is slow, or, likely, the contractor would not be able to complete the work within the schedule, the owner shall have the right to terminate this agreement, at the contractor’s risk by giving 15 days when having the right to award the contract to such of the agencies as they may deem fit and any cash loss or expenses incurred on this account, as certified by the architect will be deducted from money due to or recovered from the contractor. The Building contractor shall be responsible for the safe preservation and custody of all materials at the site. He shall compensate and reimburse the owner for any loss, damages that may arise therefrom. 18. The Owner, while retaining possession of the site, has only permitted the contractor to enter upon the property to construct a residential house. The owner shall be subsequently entitled at any time to freely enter upon and exercise all acts of possession and ownership over the aforesaid residential site. 19. Mobilization advance of Rs 7,00,000.00 (Rupees Seven Lakhs only) (Fill the Advance amount given) is agreed upon by owner to be paid to contractor, vide cheque # , dated (Fill Cheque no and Date) drawn on (Date of clearance), before the commencement of work. 20. In case of any dispute or difference between the owner and the contractor, the architect’s decision shall be binding on both parties.dated

Appears in 1 contract

Samples: Labour Contract Agreement

WATER AND POWER SUPPLY. The owner shall arrange for a temporary electrical connection, all electricity and water charges during the course of the construction will be borne by the client. 15. DEFECTS LIABILITY PERIOD: Any defects, leakages, shrinkage or any other faults which may appear within three calendar months from the date of completion of the work, shall upon the direction in writing of the architect or owner and within such reasonable time as shall be specified therein be rectified and made good by the contractor at his own cost. In case of default on the contractor’s part to rectify and make good the defects within the time specified by the Architect/Owner. The owner may employ and pay other persons to set right such defects. Faults and the entire cost and expenses incurred thereon shall be borne by / made good by and/or be recoverable from the contractor, from any money including retention money due or which may become due to the civil contractor or otherwise. 16. If, in the opinion of the architect, the work carried out by the contractor is unsatisfactory, or the progress is slow, or, likely, the contractor would not be able to complete the work within the schedule, the owner shall have the right to terminate this agreement, at the contractor’s risk by giving 15 days when having the right to award the contract to such of the agencies as they may deem fit and any cash loss or expenses incurred on this account, as certified by the architect will be deducted from money due to or recovered from the contractor. The Building contractor shall be responsible for the safe preservation and custody of all materials at the site. He shall compensate and reimburse the owner for any loss, damages that may arise therefrom. 18. The Owner, while retaining possession of the site, has only permitted the contractor to enter upon the property to construct a residential house. The owner shall be subsequently entitled at any time to freely enter upon and exercise all acts of possession and ownership over the aforesaid residential site. 19. Mobilization advance of Rs 7,00,000.00 (Rupees Seven Lakhs only) (Fill the Advance amount given) is agreed upon by owner to be paid to contractor, vide cheque # , dated (Fill Cheque no and Date) drawn on (Date of clearance), before the commencement of work. 20. In case of any dispute or difference between the owner and the contractor, the architect’s decision shall be binding on both parties.

Appears in 1 contract

Samples: House Construction Agreement

WATER AND POWER SUPPLY. The owner shall arrange for a temporary electrical connection, all electricity and water charges during the course of the construction will be borne by the client. 15. DEFECTS LIABILITY PERIOD: Any defects, leakages, shrinkage or any other faults which may appear within three calendar months from the date of completion of the work, shall upon the direction in writing of the architect or owner and within such reasonable time as shall be specified therein be rectified and made good by the contractor at his own cost. In case of default on the contractor’s part to rectify and make good the defects within the time specified by the Architect/Owner. The owner may employ and pay other persons to set right such defects. Faults and the entire cost and expenses incurred thereon shall be borne by / made good by and/or be recoverable from the contractor, from any money including retention money due or which may become due to the civil contractor or otherwise. 16. If, in the opinion of the architect, the work carried out by the contractor is unsatisfactory, or the progress is slow, or, likely, the contractor would not be able to complete the work within the schedule, the owner shall have the right to terminate this agreement, at the contractor’s risk by giving 15 days when having the right to award the contract to such of the agencies as they may deem fit and any cash loss or expenses incurred on this account, as certified by the architect will be deducted from money due to or recovered from the contractor. The Building contractor shall be responsible for the safe preservation and custody of all materials at the site. He shall compensate and reimburse the owner for any loss, damages that may arise therefrom. 18. The Owner, while retaining possession of the site, has only permitted the contractor to enter upon the property to construct a residential house. The owner shall be subsequently entitled at any time to freely enter upon and exercise all acts of possession and ownership over the aforesaid residential site. 19. Mobilization advance of Rs 7,00,000.00 (Rupees Seven Lakhs only) (Fill the Advance amount given) is agreed upon by owner to be paid to contractor, vide cheque # , dated (Fill Cheque no and Date) drawn on (Date of clearance), before the commencement of work. 20. In case of any dispute or difference between the owner and the contractor, the architect’s decision shall be binding on both parties.on

Appears in 1 contract

Samples: Construction Contract

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WATER AND POWER SUPPLY. The owner shall arrange for organizes a temporary electrical connection, all the costs of electricity and water charges during the course of the construction will be borne by the clientcustomer. 15. DEFECTS RELATED SERIES LIABILITY PERIOD: Any defects, leakagesleaks, shrinkage shrinkages or any other faults which that may appear occur within three calendar months from the date of completion of the work, shall upon the direction in writing of date must be ordered by the architect or owner in writing and within such a reasonable time time, as shall stated in it, be specified therein be rectified corrected and made good done well by the contractor at his own costexpense. In case of default on If the contractor’s part to rectify contractor defaults, fix and make good correct the defects within the time specified by the Architectarchitect/Ownerowner. The owner may employ hire and pay other persons others to set establish the right of such defects. Faults defects and the entire cost faults, and expenses all costs and costs incurred thereon shall on this must be borne by / incurred/made good by well and/or be recoverable recovered from the contractor, from any money including retention withholding money due or which may become due to the civil a civilian contractor or otherwise. 16. If, in the opinion of the architect's view, the contractor's work carried out by the contractor is unsatisfactory, or the progress is slow, or, likely, slow or it is likely that the contractor would will not be able to complete the work within the schedule, the owner shall have has the right to terminate this agreement, at the contractor’s risk contract by giving risking the contractor by providing 15 days when having he has the right to award the contract to such of the agencies as they may deem find fit and any cash loss or expenses expense incurred on in this accountmatter, as certified by the architect will be architect deducted from the money due to owed or recovered from the contractor. The Building construction contractor shall be is responsible for the safe preservation storage and custody storage of all materials at the site. He shall must reimburse and compensate and reimburse the owner for of any losslosses, damages losses that may arise therefromfrom here. 18. The Ownerowner, while retaining possession maintaining ownership of the siteland, has only permitted allowed the contractor to enter upon the property to construct a residential houseonly for the construction of an apartment building. The owner shall be subsequently entitled at any time has the right to freely enter upon and exercise carry out all acts of possession ownership and ownership over the aforesaid aforementioned residential sitearea at any time. 1919 years old. Mobilization A mobilization advance of Rs 7,00,000.00 7,000,00.00 (Rupees Seven Lakhs only) (Fill the Advance amount givenpre-amount) is agreed upon specified by the owner to be paid to the contractor, vide cheque # check, dated q (Fill Cheque no and Date) drawn on (Date of clearance), before the commencement of work. at 20. In case the event of any dispute or difference disagreement between the owner and the contractor, the architect’s 's decision shall be is binding on both parties. In WITNESS WHEREOF the parties hereto put their hands on the date mentioned above in Bangalore. Mr. S (OWNERS NAME) Mr. W (CONTRACTORs NAME) .. . -1- ARCHITECT ARCHITECT ARCHITECT TIPS FOR SIGNING AGREEMENT BETWEEN BUILDING CONTRACTOR AND OWNER IN BANGALORE Before signing a construction agreement between the owner and the civil contractor, it is necessary to provide adequate legal protection of all items. Risk factors should be included in the contract so that the interests of the homeowner are protected. If you do not read the written agreement, you will not be in a defensive position. The supply of products and services will be specified in the contract between the owner and the contractor. If the Agreement is signed, it cannot be changed at a later date unless it is agreed by both parties. The terms of the contract, which are mutual benefits for both parties (the owner and the civil contractors) should be satisfied. If you are not satisfied with the terms of the contract, you should be able to negotiate with the contractor. DELIVERY TIME FRAME Civilian contractor must provide services on time. The owner who receives goods and services must ensure that the service is compliant. You can include different and delivery points. If the delivery does not meet the door, you will be warned. MENTION VARIOUS PRICES LIKE BASIC COSTS OF OF USED IN CONSTRUCTION Agreement should mention the cost factor of various building materials used for the construction of a house. If additional costs cannot be discussed, they should be discussed with the housing contractor. If you go for a lump sum the cost of this particular additional work other than mentioned in the agreement. You need to get an estimate if you are required to pay additional costs. MODE OF PAYMENT There Shouldn't Be conflict in the way payment is paid. The payment method can be made through cash, check or electronic transfer of funds in accordance with a mutual agreement. The law of the land must be respected so that there are no issues. You can clear the payment at the end of the month. If you are unable to pay large bills immediately, you can negotiate with the contractor, so the bill will be paid in installments. Therefore, there should be clarity about the frequency of payments and the volume of payments. If you do not pay according to the specified date specified in the agreement, you can pay a fine. Similarly, the contractor is obliged to pay a fine for failure to complete the project on time. Despite the increase in the cost of various raw materials, the contractor must comply with the contract and its delivery according to schedule. TERMS AND CONDITIONS Terms agreed by both parties must be reflected in writing. Specific information should be included in the agreement. XXXXXX ON CLAUSE If you want to get started immediately, you can go for a temporary agreement. It should be noted in the agreement that the interim agreement will remain in effect until a permanent agreement between the owner and the contractor is signed. RESOLUTION OSSATION between contractor and owner, even if you include different kinds of issues and decisions, you tend to go through disputes. There will be an arbitration clause that is binding on both parties. If the arbitration clause is mentioned in the agreement, the dispute must be settled amicably. You need to understand the fact that arbitration is the least expensive and settlement will be done quickly. If you sign an agreement with an arbitration clause, you will not have the right to take the case to court. COMPLETE DETAILS ABOUT THE CONSTRUCTION Standard agreement between owner and contractor will contain full construction information. Construction should be carried out as local building guidelines. The contract must contain drawings and specifications approved by the competent authority. Details of the permit issued by the local government must also be included in the agreement. Construction plans must be in accordance with local regulations and full information must be provided to the owner. Various elements such as building structure, wiring, plumbing, drainage, septic tank, water tank and gutter, access to the road, landscaping and a full description should be provided in the agreement, so there will be no ambiguity. Information about the type of materials used for construction should be included in the agreement. EDITORIAL STANDARD Agreement must be prepared by experts and the development of standards must be preserved so that the interests of both parties are protected. The date of the contract's signing be visible at the top of the page. The agreement must specify the date of the contractor's seizure of the facility. VARIATION AND ALTERATION If there are any changes, they must be made in accordance with a reciprocal agreement between the owner and the contractor. In most cases, there will be no changes. The changes will be minor in nature. For example, cabinets, wiring, and the inclusion of additional outlets and other aspects can be discussed by the owner, so that his or her interests will be served by the contractor. As long as the cost of construction is within the price limit, there will be no difficulty in making changes. EXTENSION OF TIME IN CASE HOUSE CONSTRUCTION / COMPLETION IS DELAYED If the contractor does not complete the work within the specified time frame, the information should be provided to the owner immediately. The reason for the extension of the time must be informed to the owner. If the request made by the contractor is reasonable, the request will be processed by the owner. If the owner is not satisfied with the extension after a reasonable period of time, the contractor is obliged to pay damages. MAINTENANCE PERIOD Before handing over the building to the owner, the service period must be specified in the contract. In most cases, the maintenance period will range from six months to one year. The owner should be able to go through the work done by the builder and demand changes to suit his or her needs. The contractor is obliged to supply the goods and products in accordance with the contract.

Appears in 1 contract

Samples: Labour Contract Agreement

WATER AND POWER SUPPLY. The owner shall arrange for organizes a temporary electrical connection, all the costs of electricity and water charges during the course of the construction will be borne by the clientcustomer. 15. DEFECTS LIABILITY PERIOD: Any defects, leakagesleaks, shrinkage or any other faults which that may appear occur within three calendar months from the date of completion of the work, shall upon the direction in writing of date must be ordered by the architect or owner and within such a reasonable time as shall it should be specified therein stated, be rectified corrected and made good done well by the contractor at his own costexpense. In case of default on If the contractor’s part contractor fails to rectify meet its obligations to repair and make good the repair defects within the specified time specified by the Architectarchitect/Ownerowner. The owner may employ hire and pay other persons others to set right fix such defects. Faults defects and the entire cost malfunctions, and expenses all costs and costs incurred thereon shall in it must be borne by / incurred/made good by well and/or be recoverable from raised with the contractor, from out of any money including retention withholding money due to or which may become due to the civil a civilian contractor or otherwise. 16. If, in the opinion of the architect's opinion, the work carried out by the contractor is unsatisfactory, or the progress is slow, or, likely, slow or it is likely that the contractor would will not be able to complete the work within during the schedule, the owner shall have has the right to terminate this agreement, at the contractor’s risk by of the contractor giving 15 days when having they have the right to award the contract to such of the agencies institutions as they may deem fit and any cash monetary loss or expenses incurred on this account, in that account as a certified by the architect will be deducted from the money due to associated with or recovered from the contractor. The Building construction contractor shall be is responsible for the safe preservation storage and custody storage of all materials at the site. He shall must reimburse and compensate and reimburse the owner for of any lossdamages, damages losses that may arise therefromfrom this. 18. The Ownerowner, while retaining possession ownership of the siteplot, has only permitted allowed the contractor to enter upon the property to construct a residential houseonly for the purpose of building an apartment building. The Subsequently, the owner shall be subsequently entitled has the right at any time to freely enter upon and exercise carry out all acts of possession ownership and ownership over of the aforesaid above- mentioned residential site. 19. Mobilization advance of Rs 7,00,000.00 (Rupees Seven Lakhs only) (Fill the Advance amount given) is agreed upon by owner to be paid to contractor, vide cheque # , dated (Fill Cheque no and Date) drawn on (Date of clearance), before the commencement of work. 20. In case of any dispute or difference between the owner and the contractor, the architect’s decision shall be binding on both partiesarea.

Appears in 1 contract

Samples: Contractor Agreement

WATER AND POWER SUPPLY. The owner shall arrange for a temporary electrical connection, all electricity and water charges during the course of the construction will be borne by the client. 15. DEFECTS LIABILITY PERIOD: Any defects, leakages, shrinkage or any other faults which may appear within three calendar months from the date of completion of the work, shall upon the direction in writing of the architect or owner and within such reasonable time as shall be specified therein be rectified and made good by the contractor at his own cost. In case of default on the contractor’s part to rectify and make good the defects within the time specified by the Architect/Owner. The owner may employ and pay other persons to set right such defects. Faults and the entire cost and expenses incurred thereon shall be borne by / made good by and/or be recoverable from the contractor, from any money including retention money due or which may become due to the civil contractor or otherwise. 16. If, in the opinion of the architect, the work carried out by the contractor is unsatisfactory, or the progress is slow, or, likely, the contractor would not be able to complete the work within the schedule, the owner shall have the right to terminate this agreement, at the contractor’s risk by giving 15 days when having the right to award the contract to such of the agencies as they may deem fit and any cash loss or expenses incurred on this account, as certified by the architect will be deducted from money due to or recovered from the contractor. The Building contractor shall be responsible for the safe preservation and custody of all materials at the site. He shall compensate and reimburse the owner for any loss, damages that may arise therefrom. 18. The Owner, while retaining possession of the site, has only permitted the contractor to enter upon the property to construct a residential house. The owner shall be subsequently entitled at any time to freely enter upon and exercise all acts of possession and ownership over the aforesaid residential site. 19. Mobilization advance of Rs 7,00,000.00 (Rupees Seven Lakhs only) (Fill the Advance amount given) is agreed upon by owner to be paid to contractor, vide cheque # , dated (Fill Cheque no and Date) drawn on (Date of clearance), before the commencement of work. 20. In case of any dispute or difference between the owner and the contractor, the architect’s decision shall be binding on both parties.

Appears in 1 contract

Samples: Building Construction Agreement

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