An employment contract for the construction of the house in India between the owner and the contractor must be concluded to mention all civil engineering work included in the contractual agreement and excluded. In the case of an employment contract, the owner can save on the contractor`s expected profit bill on all equipment costs, but this is difficult and not always true and sometimes it can prove costly. c) All authorized exemptions for which a rate or price have not been previously agreed are assessed and evaluated by the architect. Goods for which such a rate does not exist are treated by the contractor in the workplace, plus 15% of vat on the actual cost, plus actual costs, provided the architect correctly certifies these costs. a) All materials and treatments must be the best of each type and be described in calendars. The architect`s decision regarding the sets, quantities and scope of the material and treatment is final and binding for the contractor. Specific marks indicated according to the attached schedule. Fluctuation has no influence on the owner if the escalation clause is not included in the contract or if the principles are not provided for in the contract. Many people think that even if the contractor bought the materials at a competitive price, they will not pass the savings on to the owner. A construction contract is a legal document that binds the two parties to the agreed terms. It mentions the duration of the project, the cost per square metre or per item, the building materials used, etc. YES, It is very important to get a construction contract even before the construction of a house, because it clearly mentions the conditions agreed between the two parties such as owners/contractors/work contractors. 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.
There should be no conflict in the payment method. The method of payment can be made in cash, cheques or electronic transfers in accordance with the reciprocal agreement. The law of the land should be respected so that there are no problems. You can cancel the payment at the end of the month. If you are unable to pay large bills at a time, you can negotiate with the contractor to have the bill paid in increments. The frequency of payments and the volume of payments need to be clarified. Risk factors should be included in the contract to protect the interests of the owner.