The inclusion of a liquidation clause is not without risks. The agreed amount may not be sufficient to cover the entirety of the damage suffered by the owner. Or perhaps larger than the amount ordered by a court. However, with a liquidated compensation clause, the owner can be assured of recovering a certain amount for construction delays and the contractor may limit his exposure. For some types of construction projects, you may need administrative approvals in addition to the work contract before contractors can start working. Or maybe you`re a local entrepreneur who wants to grow your business and take on major construction projects. One way or another, you should make sure that you have a written agreement to act as a plan until the construction is completed to repair the folds. The terms of the agreement between the owner and the contractor include work to be worked, construction time, payment plans, escalating costs, delays, penalties, construction materials used, etc. 19. L`avance de mobilisation de Rs 7.00.000,00 (7 roupies seulement) (Faites l`avance indiquée) est convenue par le propriétaire à payer au contractant, vide scheck – ______________ datés __________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ The tax on contracts is included in the rates shown in Part 2 (quantity calculation) of this agreement.

Items not auctioned will be calculated based on the actual profit of 15% If you want to start work immediately, you can get an interim contract. 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. Cost 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. 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. This agreement allows the parties to write down the exact nature and details of the work to be carried out, as well as the responsibilities of each party throughout the construction.