STANDARD AGREEMENTStandard Agreement for Projects Financed by Oman Housing Bank • June 21st, 2022
The Borrower : Whose Address is : Tel : And the Contractor : Whose Address is : Tel : And the Consultant : Whose Address is : Tel : 1- Date of Commencement :……………………………………………… 2- Date of Expiry :……………………………………………… 3- Amount Of Liquidated Damage : R.O Per Day 4- Borrower’ file No : 5- Face Value Of Agreement : R.O ( In Words and Figures ) : 6- a) Amount Of Loan : R.O b) Amount Of Personal Stake : R.O - Deposited With Bank : R.O - Paid directly to the Contractor :R.O 7- Plot No. And Location of Plot : 8- Area Of Plot : 9- Building Permit No .& Date10- Language :: English 11- Period of Maintenance : One Calendar Year 12- Amount of Payments : As Per Mode of Payments 13- Retention Money : 5% (Note Retention Money shall be deducted from each running bill) Signed and Sealed By : Borrower OHB Employee Contractor Manager Consultant
