CONTRACTOR
AGREEMENT
THIS
AGREEMENT made at ___this _____day of__________,
2001, by and between___________________having its
principal place of business at___, hereinafter
called the Contractor, of ONE PART and
________________________having its office at___,
hereinafter called the Owner of the OTHER PART.
NOW
THEREFORE the Contractor and the Owner for the
consideration named agree as follows:
SCOPE
OF THE WORK
The
Contractor shall furnish all the materials and
perform all of the work shown on the drawings
and/or described in the specifications entitled
Exhibit A, as annexed hereto as it pertains to
work to be performed on property located at:
TIME
OF COMPLETION
The
work to be performed under this Contract shall be
commenced on or before________________, 19____,
and shall be substantially completed on or
before________________, 200__. Time is of the
essence.
THE
CONTRACT PRICE
The
Owner shall pay the Contractor for the material
and labor to be performed under the Contract the
sum of Rs______________, subject to additions and
deductions pursuant to authorised change orders.
PROGRESS
PAYMENTS
Payments
of the Contract price shall be paid in the manner
following:
GENERAL
PROVISIONS
1.
All work shall be completed in a workmanship like
manner and in compliance with all building codes
and other applicable laws.
2. To
the extent required by law all work shall be
performed by individuals duly licensed and
authorised by law to perform said work.
3.
Contractor may at its discretion engage
subcontractors to perform work hereunder,
provided Contractor shall fully pay said
subcontractor and in all instances remain
responsible for the proper completion of this
Contract.
4.
Contractor shall furnish Owner appropriate
releases or waivers of lien for all work
performed or materials provided at the time the
next periodic payment shall be due.
5.
All change orders shall be in writing and signed
by both Owner and Contractor.
6.
Contractor warrants it is adequately insured for
injury to its employees and others incurring loss
or injury as a result of the acts of Contractor
or its employees and subcontractors.
7.
Contractor shall at its own expense obtain all
permits necessary for the work to be performed.
8.
Contractor agrees to remove all debris and leave
the premises in broom clean condition.
9. In
the event Owner shall fail to pay any periodic or
installment payment due hereunder, Contractor may
cease work without breach pending payment or
resolution of any dispute.
10.
All disputes hereunder shall be resolved by
binding arbitration in accordance with the
Arbitration and Conciliation Act, 1996 or the
prevailing act.
11.
Contractor shall not be liable for any delay due
to circumstances beyond its control including
strikes, casualty or general unavailability of
materials.
12.
Contractor warrants all work for a period
of__________months following completion.
OTHER
TERMS
N
WITNESS WHEREOF, the parties have hereunto set
their respective hands and seals the day and year
first hereinabove written.
Signed in the presence of:
______________________________
By: ______________________________
Witness
Contractor
______________________________
By: ______________________________
Witness
Contractor
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