Agreement For Construction of Building Between The Owners and The Contractors On Turnkey Basis
Agreement For Construction of Building Between The Owners and The Contractors On Turnkey Basis
Agreement For Construction of Building Between The Owners and The Contractors On Turnkey Basis
executors and administrators) of the ONE PART and XYZ Co. Ltd., a company
incorporated under the Companies Act, 1956 and having its registered office
vacant land bearing Final Plot No. ............... Survey No. ............... Khasra
contractors have offered to construct the same on a 'turnkey basis' and also to
prepare the site layout plans, preliminary sketch designs, architectural drawings,
structural drawings, service drawings and all other detailed plans and drawings
as may be necessary for the proper construction and completion of the said
said works as hereinafter specified upon and subject to the terms and conditions
set forth herein and the conditions set forth in the special conditions hereto
referred to as "the said works") at the rate of Rs. .......... per sq. ft. of the built up
AND WHEREAS The employer has agreed to appoint the contractors for
1. In consideration of the said contract amount to be paid at the times and in the
contractors shall on and subject to the said conditions, execute and complete
the said works more particularly described in Schedule 1 annexed hereto and
other sum as shall become payable at the times and in the manner specified
in Annexure II.
3. For the purposes of this contract, "built up area" means the total a covered
balconies.
4. The contractors shall prepare layout plans and general building plans in
consultation with the employer and get the same approved by the Municipal
Corporation of ......................
execution.
(c) Obtaining of permission and approvals from all the authorities for the
construction, supply of power, water, drainage and other services for the
said works.
(d) Cost of all materials for construction.
(e) Wages of labour, technical supervisors, all other workers and staff
required for execution of the said works in accordance with the general
hereto.
6. The layout plans, general building plans, detailed architectural drawings and
other drawings shall be and remain the property of the employer. All the
drawings shall remain in custody of the contractors during the progress of the
work and they shall deliver them to the employer on the performance of the
7. The employer may require alteration of the drawings and the nature of the
work by adding or omitting any items of work or having portions of the same
carried out. The employer shall make payment for the alterations at such
8. The contractors shall commence the work within 15 days of the handing over
of the site to them and complete the entire work within .......... months
thereafter, subject nevertheless to the provision for extension of time as
9. The contractors, while carrying out the said works, shall comply with the
provisions of all laws, rules and bye-laws for the time being in force affecting
the said works and will give all necessary notices to and obtain the requisite
sanction of the concerned local authorities in respect of the said works and
will comply with the building and other regulations of such authority and will
keep the employer indemnified against all fines, penalties and losses incurred
by reason of the breach of the contractors of any such laws, bye-laws and
regulations.
10. The employer shall make all payments under this contract at ........................
11. In case any dispute or difference should arise between the parties,
matter arising out of or in connection with these presents or the carrying out
entering upon the reference. The arbitrators shall make their award within six
months from the date of entering on the reference. If the arbitrators do not
make their award within the stipulated period or have delivered to any party or
to the umpire a notice in writing stating that they cannot agree, the umpire
shall forthwith enter on the reference and shall make his award within three
parties may agree and in the absence of such agreement, as the Court may
allow. The arbitrators or umpire, as the case may be, shall be entitled to
consult any expert, after previous notice to the parties, the cost whereof shall
and are not inconsistent or repugnant to these presents, shall apply to this
reference to arbitration. The cost of the reference and award shall be in the
discretion of the arbitrators, who may direct by whom and in what manner, the
same or any part thereof shall be paid. The award of the arbitrators or umpire
shall be final and binding on the parties and the parties, their executors and
administrators shall on their respective parts obey, abide by the award and
apparent on the face of the award. It is hereby agreed between the parties
that the parties shall resort to arbitration, before filing any suit for the
12. This agreement shall be executed in duplicate. The original shall be retained
presents and a duplicate hereof and the contractors have caused its common
seal to be affixed hereunto and a duplicate hereof the day and the year first
hereinabove written.
Seal
Signatures
WITNESSES;
1.
2.