Construction Agreement for Residential House
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vaibhavConstruction Agreement for Residential House
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vaibhavCONSTRUCTION AGREEMENT
THIS AGREEMENT IS MADE ON 06TH APRIL 2024 BETWEEN:
Mrs. HEREINAFTER CALLED THE OWNER,
And
VAIKHARI ARCHITECTS LLP
#
HEREINAFTER CALLED THE BUILDING BUILDER .
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Whereas the owners possess a plot of land bearing 1-6-139/55 PLOT NO 55 , 30’ X 40’
SITUATED IN [Link] 881 OF PETE CHITAPUR . AND ARE DESIROUS
OF CONSTRUCTING A HOUSE in the said plot of land as per the approved architects plan and the
specifications, rates and quantities, enclosed and forming part of this agreement.
Now this agreement is as follows:
1. The building Builder shall in consideration of the money to be paid in the manner set forth below to
execute and complete the works as per the plan and specifications enclosed to the satisfaction of the
owner and his architect Ar. VAIBHAV PADASHETTY having office address at #10-934/21/2A/21
MAHALAXMI NAGAR , [Link] ROAD KALABURAGI.
2. This contract is on a LUMPSUM based contract. The cost For Ground Floor CONSTRUCTION
is Rs. 22,00,000 (Twenty Two Lakhs Only) . This shall include all built up area including common
area and utilities.
The total cost of building Rs. 22,00,000 (Twenty Two Lakhs Only) , to carry out the work in respect
of the entire construction of the said building as per the architectural and structural drawings and as
per items mentioned in the schedule and signed on 06th April 2024. (any additional work is
chargeable). [ Note : For changes of construction will be charged separately for that particular
work].
3. The term architect shall mean [Link] PADASHETTY having office address at #10-
934/21/2a/21 MAHALAXMI NAGAR , [Link] ROAD KALABURAGI and or their
representatives, appointed by the owner and in the event of his ceasing to be the architect anyone else
nominated by the owner and intimated to the Builder in writing.
4. The Rates Quoted In The Schedule Shall Be For Complete Work In All Respects And Shall Include
All Direct, Indirect And Contingent Costs, Expenses Including Charges For Scaffolding, Centering
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Material And Shuttering, Hire For Tools And Machinery, Transportation Charges And Labour
Removal Of Debris, Etc.
5. Cost escalation charges: The rates in the schedule are based on the basic rates of steel and cement
taken as in case of any escalation in these basic rates corresponding downward or upward adjustments
shall not be made to the contracted amount/values. .
6. The Builder hereby agrees to complete the work in all respects so as to make the house fully
habitable on or before 12 months of after sign of agreement, it is an express stipulation that time is
the essence of the contract. The Builder shall have montly site meetings will be held to monitor the
progress.
7. All extra tax such as ELECTRICAL /PROPERTY TAX/ ALL PERMISSSION CHARGES
SHOULD BE BEARED BY OWNER if applicable is excluded in the rates mentioned in of this
agreement. Any non-tendered items ( landscape items ) will be charged as per actual .
8. Payment Schedule
1st Payment To Be Paid On Signing The Aggrement - 30% Of The Value -Rs 6,60,000
2nd Payment To Be Paid On Completion Of Plint Work -15% Of The Value - Rs 3,30,000
3rd Payment To Be Paid On Completion Of Ground Floor Massonary Work( before starting
slab) – 20% Of The Value - Rs 4,40,000
4th Payment To Be Paid On Completion Of Ground Floor Rcc Slab -20% Of The Value - Rs
4,40,000
5th Payment To Be Paid On Completion Of flooring work – 10% Of The Value
6th Payment To Be Paid On building handover – 10% Of The Value
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NOTE : 10% P.M INTREST IS CHARGEABLE FOR THAT SUCH PAYMENT . ALSO THE
WORK WILL BE HELD AFTER MISSING THE PAYMENT .
8. If the owner chooses to supply any Construction Materials Required they shall be given credit
for the cost of such materials and the value shall be deducted out of the immediately succeeding
running bill.
9. Materials and workmanship:
A) all materials and workmanship shall be the best of the respective kind and described in the
schedules. The decision of the architect regarding the rates, quantity, and sufficiency of
materials and workmanship will be final and binding on the Builder. Specific brands mentioned as
per attached schedule.
B) SPECIFICATION
Cement : - Jsw/ Ultratect/ Birla A1
Steel : - Rajuri / Shreeom / Bmm / Icon
Brick- Red Brick
All Main Door And Puja Door Frames Of 1St Teak
All Internal Doors Frames Of - 2Nd Teak Or Granite
All Internal Doors - Flush Doors
All Bathroom Doors And Frames - Plain Wpc White
Flooring Granite / Tiles Upto Rs 85 Above Which Is Chargeable
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Switches / Wires - Haveels Rio / Kei / Havells Fabio /
Pop In Living Hall Only
Windows - Aluminum / Upvc
Paint - Make Asian / Jsw / Nippon / Nerolac
Front Elevation In Complete Massonary Work .No Special Material Used For Elevtaion Work
All Railings Of Ss / Ms
10. Water and power supply:
The owner shall arrange for temporary electrical connection, all electricity and water charges during
the course of the construction will be borne by the client.
11. Defects liability period:
Any Defects, Leakages, Shrinkage Or Any Other Faults which may appear within three calendar
months from the date of completion of the work, shall upon the direction in writing of the architect or
owner and within such reasonable time as shall be specified therein be rectified and made good by the
Builder at his own cost.
12. The owner while retaining possession of the site has only permitted the Builder to enter upon the
property for the purposes of constructing a residential house. The owner shall be subsequently entitled
at any time to freely enter upon and exercise all acts of possession and ownership over the aforesaid
residential site.
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13. In case of any dispute or difference arises between the owner and the Builder, the decision of
the witness shall be binding on both the parties.
PAYMENT ACCOUNT DETAILS : VAIKHARI ARCHITECTS LLP
BANK NAME : IDBI BANK
A/C NO: 0876102000016287
IFSC CODE : IBKL0000876
BRANCH : STATION AREA , GULBARGA , KARNATAKA
In witness whereof the parties here to have set their hands on the date mentioned above at kalaburagi.
Witness :-
1. 2.