SAMPLE AGREEMENT BETWEEN OWNER AND BUILDING CONTRACTOR

SAMPLE AGREEMENT BETWEEN OWNER AND BUILDING CONTRACTOR 

 THIS AGREEMENT IS MADE on _____(Fill in the date) Between: Mr. ___ ___ (OWNERS NAME) #_______(address of the Owner) hereinafter called the OWNER, which term shall include his assigns and successors. AND Mr. __ ____ (BUILDING CONTRACTORS NAME) #_______(address of the Contractor) hereinafter called the BUILDING CONTRACTOR, which term shall include his assigns and successors. Whereas the owners possess a plot of land bearing #___ _____ (address of the Site where construction will be carried out) 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 Contractor 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 ___ ___ (Architects Name and Company details) having office address at #__ __ __ __ (Address of the Architectural Firm).

 

 2. This contract is on a square feet based contract. The cost per square feet of built area is Rs.......( ) (Fill with the Cost). The square feet shall include all built up area including terrace and grill work . The total area of the building is...... Sft (Fill Total Area ). Therefore, .......X.....= Rs......(Rupees ..........only) The total cost of building = Rs........... (Rupees .........only) (Fill the total cost of the Building) 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 ____ (Fill in the date of signing). (Any additional work is chargeable as per the mentioned rates).

 

 3. 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 material and shuttering, hire for tools and machinery, transportation charges and temporary sheds for storage of materials, labour removal of debris, etc.

 4. COST ESCALATION CHARGES: The rates in the schedule are based on the basic rates of steel ,cement, sand and tiles taken as In case of any escalation in these basic rates corresponding downward or upward adjustments shall be made to the contracted amount/values. No escalation in respect of any other item or material or account shall be permitted. 

 

 5. The contractor hereby agrees to complete the work in all respects so as to make the house fully habitable on or before __ _ _ (Mention project deadline date). It is an express stipulation that time is the essence of the contract. The contractor shall submit the work schedule within 10 days from this date and weekly site meetings will be held to monitor the progress. 

 6. All works contract tax if applicable is included in the rates mentioned in Part 2 (Bill of Quantities) of this agreement. Any non-tendered items will be charged as per actual +15% profit 

 7. The Building contractor shall be responsible solely for the compliance, expense, liability, damages, etc., on account of the following matters, under the relevant laws, enactment’s and the owner shall not be liable for any such compliance, expense, liability, and damages under any circumstances. a) Workman’s Compensation Act, Employees State Insurance Act, Provident Fund Act, Minimum Wages Act, and payment of Wages Act. . b) Any other law relating to the workers employed in construction. . c) Common-Law in respect of injuries, etc., to person and property, caused due to and arising out of the carrying out the work under this contract. . d) The Building contractor shall indemnify and keep indemnified the owner against all losses, damages, fines, prosecutions, liabilities that may arise or accrue against the owner from the contractor’s failure to adhere to all statutory obligations. . 

8. The Building contractor shall work in coordination with other agencies involved in working on the building. He shall render all co-operation and assistance to them. The time of completion shall not be extended to this account. The contractor shall set right damages caused to the building due to the work of electrical, sanitary and water supply, contractors, for which he shall be paid accordingly.Security retention amount will be 3% of the value of work executed and certified by Client/Client Representative. And released after 3month of the virtual completion of the project 

 9. 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. 

 10. AUTHORIZED VARIATIONS: a) The Building contractor may when authorized in writing or which directed verbally and later confirmed in writing by the architect with the previous consent of the owner and to or omit from or vary the work shown and described in the schedules and the contractor shall make no additions omissions or variations without such authority or direction. b) The Architect may with the consent of the owner omit from or add or vary any item of work shown and described in the schedule. c) All authorized variations for which a rate or price may not have been previously agreed upon shall be measured and valued by the Architect. Items, for which no such rate exists shall be worked at actual cost to the contractor at site of work plus 15% VAT of the actual cost provided the architect duly certifies such cost. 

11. 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 contractor. Specific brands mentioned as per attached schedule. b) The Architects shall have the power to order the removal from the works of any defective materials or work to order substitutions of materials of work in accordance with this agreement and the schedules. c) Notwithstanding 12 (b) above the architect, may allow, in writing with the prior written approval of the owner, such defective materials and/or work to remain with the consent of the owner and shall fix such lower rates or prices as they deem fit and these shall be binding on the contractor. 

12. 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. 

 13. DEFECTS LIABILITY PERIOD: Any defects, leakages, shrinkage or any other faults which may appear within Five years from the date of completion of the work, shall upon the direction in writing of the owner and within such reasonable time as shall be specified therein be rectified and made good by the contractor at his own cost. In case, of default on the part of the contractor to rectify and make good the defects within the time specified by the Owner. The owner may employ and pay other persons to set right such defects and faults and the entire cost and expenses incurred thereon shall be borne by / made good by and/or be recoverable from the contractor, from any money including retention money due or which may become due to the civil contractor or otherwise. 

14. If in the opinion of the architect the work carried out by the contractor is unsatisfactory, or the progress is slow or it is likely that the contractor would not be able to complete the work within the schedule, the owner shall have the right to terminate this agreement, at the contractor’s risk by giving 15 days when have the right to award the contract to such of the agencies as they may deem fit and any cash loss or expenses incurred on this account, as certified by the architect will be deducted from money due to or recovered from the contractor. 

.MAINTENANCE PERIOD The maintenance period will be from one year to Two year. The owner should be able to go through the work accomplished by the builder and demand changes as per his or her needs. The contractor is obliged to deliver the goods and products as per the contract. There should be communication between the owner and the contractor so that the project will be executed without any issues. The Building contractor shall be responsible for the safe preservation and custody of all materials at the site. He shall compensate and reimburse the owner for any loss, damages that may arise therefrom.

 

 15.The Owner while retaining possession of the site has only permitted the contractor 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. 

16.Mobilization advance of Rs .......... (Rupees Seven Lakhs only) (Fill the Advance amount given) is agreed upon by owner to be paid to contractor, vide cheque # ___, dated ___ (Fill Cheque no and Date) drawn on _____ (Date of clearance), before the commencement of work. 

 17. In case of any dispute or difference arises between the owner and the contractor, the decision of the architect shall be binding on both the parties. IN WITNESS WHEREOF the parties hereto have set their hands on the date mentioned above at Vashi, Navi Mumbai 

Mr. ___ (OWNERS NAME) 

Mr. _____(CONTRACTORS NAME) . . . ____ _____ BUILDING CONTRACTOR OWNER

Modular Kitchen Cost – Things To Know [civil lane [

Modular Kitchen Cost – Things To Know

Modular Kitchen Cost – Things To Know

Modular kitchen demand is increasing gradually, especially in newly bought homes, It gives easy accessibility, maximum storage in minimal space, modern look to your kitchen and there are many more advantages.

Modular kitchen is available for all standards homeowners from the minimal to luxurious.

In the market, you will find the vendors who sell modular kitchen from range 25,000/- to 7,50,000/- rupees & higher.

So where is the difference?

If we talk about the cost of Modular Kitchen, it depends on many aspects like,

Your kitchen platform size
Plywood you choose (MDF, Commercial Ply, Marine Ply)
Hardware fittings selection
A brand of the hardware
Finish material of the shutters and cabinets
Handles selection
Drawer / Basket accessories
Appliances requirement – Hob / Chimney
Fully or Semi-Modular kitchen
Transport location, etc

All the above things considered for Modular Kitchen making.

Before we continue, let me tell you first
how to get the quote from a vendor for your modular kitchen.

Step by step

1. Search best modular kitchen in your city or nearby (you can find on Google)
2. You will find the websites, ads and shop address for your search query, try to contact them via phone number and tell your requirements (e.g kitchen shape, your location)
3. If you get a satisfactory reply from them, then book an appointment with their kitchen designer for your site.
4. At the site visit, explain your kitchen requirements briefly, like your taste, your kitchen using style, modification required, the time limit for completion, etc.
5. After the visit, tell them to share design and estimate as per your requirements discussed.
6. Do this with minimum two and maximum of four vendors. More than four will confuse you for making the decision.
7. Once you get the quote, visit their showroom to experience the different finish es for the kitchen and accessories to explore.
8. Now finalize the design with them how it will look.
9. Ask them about the raw material and finish material they will use and brands of the hardware.
10. Discuss the practical design with your family members especially the lady of the home and freeze it.
11. If the design is finalized, now get the final quote for the work.
12. Once you agree with the quote, clear their terms and condition of payment, dispatch date, installation date, warranty period, service period, etc
13. Now you have to decide on one.

DON’T DECIDE ONLY ON FIGURE.

Most of the homeowners decide to do the modular kitchen only comparing the price with few vendors, but not based on the design, quality, service, and material they provide.

Design plays an important role in your kitchen, it’s not only about the colors but also about the work triangle of the kitchen which should be kept in mind while finalizing.

Let me tell you in short about the kitchen work triangle,
Work triangle means your Stove, Sink, and Fridge position in the kitchen, which should be kept on a particular distance, not so far or not so near. If you plan against the work triangle, in result you lose the work-ability and look of your kitchen.

The Modular Kitchen Cost

Modular kitchen cost depends on the material finish you choose for your kitchen, let’s go through it.

There are four finishes which you can use for your kitchen,
Laminate, Acrylic, PU and Back-painted Glass

Laminate Finish

The basic, economical, rough and tough material for kitchen use.
The outer and inner finish of shutters and cabinets made with the laminate and edge banding done with the same color of PVC material. You can choose high gloss, Matt, and a super Matt finish with laminate.

There is a vast range of laminate brands available in the market from any of the sheet you can select for your kitchen and match with your rest of the house interior.

Merino brand is mostly used for the laminate finish modular kitchen.

Laminate shutter cost: Rs.700/- to Rs.900/- per sq.ft (Marine Ply BWP 710 & 1mm thickness)

2. Acrylic

Acrylic kitchen is done with two types, one with a ready-made sheet and second with customized color.

In ready-made acrylic sheet, you have to choose from the available catalog colors, which is ready to press on the plywood. You can not customize it.

In the second one, you can choose your own choice of color for kitchen shutters and cabinets, you can choose from Asian Paints color catalog.
In this process, color is done by the spray-on backside of the plain acrylic sheet. A little disadvantage of customized acrylic sheet is that you may get the color variation in some shades. Which you can only come to know after the installation because the shutters come with the paper protection on it.

Acrylic shutter cost: Rs.1000/- to Rs.1300/- per sq.ft (Marine Ply BWP 710 & 2mm Acrylic)

3. PU finish

It’s painting done on the plywood. Again a customized color solution for your kitchen.

If you want the smoother finish than laminate then PU is the best option for you. You can choose a plain or antique color on your kitchen shutters and if you want to give the molding or routing on shutters then finish can be done in the PU finish only.

PU shutter cost: Rs.900/- to Rs.1400/- per sq.ft

4. Back-painted Glass

If you love the glass then you would like your kitchen made by back-painted glass.

Back-painted glass means, the backside of the toughened glass painted with the color and pasted on plywood. The thickness of the glass kept 3mm to 4mm. It doesn’t break easily because of the plywood base, but you have to take care of the edges of shutter corners.

One little disadvantage of back-painted glass is that once your glass breaks, it doesn’t look good and you will need to change the complete shutter with glass and you may get the little color variation in the new one.

Back-painted glass shutter cost: Rs.1400 to Rs.1700/- per sq.ft (Marine Ply BWP 710 & 4mm Glass)

Kitchen Baskets and Tandems:

There are two types of inner accessories you can plan for your modular kitchen.

1. SS- Baskets (Stainless Steel)
The baskets are made using steel wires of different grades and finish. Which is customizable, you can make as per your drawer size, thickness, and weight.

There are many grades for SS baskets from inferior to superior quality, but for the kitchen, we recommend to use 304 grade SS baskets which are rust-free.

The SS baskets now come with slim and sleek designs but it’s little difficult to clean and maintain because of the thin SS wires.

SS-basket cost – Rs.550/- to Rs.650/- per Kg.

2. Tandem Drawers
It is made using exclusive german fittings like Hettich and Hafele, which comes with inner accessories also.

The base of the drawer should be made by Plywood or backlit material. It’s an alternative option of SS-baskets, but expensive compared to steel baskets.

These tandem baskets are easy to access, maintain, clean adds a modern look to your kitchen.

Tandem drawers cost – Starts from Rs.2500/-* (per drawer)

Last but not least

Handles

Handles are most important when you finalize your kitchen because your expensive drawers will operate by the handles itself. So it should be selected as per the design and operational view.

If you choose the wrong handles, then it spoils your kitchen look and you would not able to use it in the proper ways, like many times when you working in the kitchen the handles hurts you if they are mounted on the shutters or because of its sharp edges.

Aluminum profile handles are the best choice for the kitchen shutters, available in different customized sizes, color, and shape like G-section, J-section, etc

Profile handle cost: Rs.100 to Rs.200 Rft (running feet)

So, all the above things are considered at the time of Modular Kitchen cost calculation.

   

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HOW CONSTRUCTION MATERIAL PLAYS AN IMPORTANT ROLE IN THE QUALITY AND SAFETY OF ANY INFRASTRUCTURE PROJECT-Sanchetibuilders

HOW CONSTRUCTION MATERIAL PLAYS AN IMPORTANT ROLE IN THE QUALITY AND SAFETY OF ANY INFRASTRUCTURE PROJECT

Source:-http://sanchetibuilders.com/top-7-challenges-faced-builders-in-pune/
May 25, 2018 - Uncategorized

Over the years, real estate has become a topic of varied opinions. The rise of this industry has seen so many challenges and witnessed many changes; however, thus, outcome attained by it has been varied too.

People today are not afraid to invest in real estate and often go to great heights to make sure they receive value for their buck and more importantly get a place that makes them and their families comfortable.

However, even before the finished apartment comes into being, the initial draft or blueprint is something that key focus is laid on.

This also comprises the construction materials, the raw material for interiors, planning and several other important decisions that need to be discussed in this time zone. One of the major aspects here is the construction and building materials. 

Today, we have brands and suppliers in abundance who supply some of the best building construction materials and a lot of builders also go one step ahead to even partner with suppliers who supply quality products.

So why the emphasis on ensuring you only have premium quality construction materials as a part of your building construction process?

Image Source

Well because, the final reflection of your construction will be proof of what you have used right from the beginning and its life and sustenance of the project as well, will be wholly focused on it.

Here is how good construction materials will play an important role in the quality and safety of an infrastructure project:

1. Cost-Saving in the Long Run:

If you put an extra buck or two in procuring the best quality construction and building materials, this will in a way save a ton of money later on.

If you skimp, you will be shelling out small amounts to fix a small wear and tear and in the end, this will result in a sum much larger than what you would have to pay initially for good quality material.

This, make sure for this ‘skeleton’ of your construction, you invest only in the best quality goods you can acquire.

2. No Complaints and Maintaining Goodwill:

It is important to realize that the construction you are creating today will be a home for someone tomorrow.

Putting in your best while constructing, it will ensure their home tomorrow is safeguarded and secure and for that, they will only have the builder to thank! This in a way will add to your goodwill and lead to happy and content customers.

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3. Recommendations will Improve Business like No Other Marketing Strategy:

Following the goodwill, people will speak to their acquaintances, friends and colleagues and in a way market your service for free! This will do wonders for your business in the long run as real testimonials from someone you know means more than any amounts of marketing strategies you use.

4. Saves Time:

In the future, fixing small glitches in the property will mean more expenses and effort, and of course will create a hassle for the residents too. All these concerns can be taken care of if you simply invest in quality construction materials right from the start.

5. Assurance during Natural Calamities or Crisis:

Although the risk associated with natural calamities cannot be measured, you can definitely take measures to minimize damage in case of one!

Some good quality material will be able to withstand damage to a certain extent and of course, will be able to repulse way better than a building whose base construction is in itself poor.

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Thus, although spending a few days to research about quality suppliers or experimenting with different vendors and products once maybe a little time consuming, but in the long run it will definitely pay off in more than one ways!

WHAT ARE THE TOP 7 CHALLENGES FACED BY BUILDERS IN PUNE?

March 20, 2018 - Uncategorized

The real estate dynamics in Pune has been the witness to significant changes in past two years. Builders too have felt the brunt of these. Best builders in Pune have been able to digest the changes without allowing their service efficiencies to suffer.

Customers’ response to real estate has been lukewarm since demonetization primarily due to the uncertainties that have clouded their intellect. It had its repercussions on the market although top builders in Pune have been resilient enough to recover fast due to their resourcefulness and foresight.

Source

Builders and developers in Pune have come across many challenges in the bygone year. However, the top 7 challenges that have confronted them are being summarized below.

1) Heightened Future Expectations of Buyers

Pune sits in the list of 98 cities to be developed as ‘Smart City’. Pune Smart City Development Corporation Limited has also been constituted to execute earmarked projects. Concurrently, the incumbent government has rolled out its ‘Housing for All’ plan to be completed by 2022. This has resulted in prospective buyers deferring their home purchase plans for the time being in the expectation of better deals in future. Inventories have remained unsold and arranging liquid cash has become a challenge.

2) Fund Mobilization Issues

Builders in Pune are also suffering from the apathy of banks and financial houses. Inventory build-up has resulted in lower sales and as such loan repayment process has been slowed down. Defaulters like Vijay Mallya and Nirav Modi have caused banks to be over cautious. As such, credential and loan repayment capability verification has been taking inordinate time. Mobilizing funds have become tougher.

3) No Revision in Lending Rates

Reserve Bank of India has not revised its repo rate of late. Home loan interests have not gone further down. Market sentiments too have not received any facelift. Banks have been reconsidering their strategies for lending home loan. Cost of living has gone up in Pune, and with no hope of home loan interests going further down in recent future, many potential home buyers have been shelving their plans. Consequently, revenue related projections of builders in Pune have been disarrayed.

4) Projects on the Verge of Completion Suffering from RERA’s Introduction

The entire list of builders in Pune has been brought under the ambit of Real Estate Regulation Act (RERA) by Municipal Corporation. One of the provisions of RERA is iron clad warranty against any structural defect or shoddy workmanship for a period of five years after delivery. This mandates securing comprehensive warranties from suppliers to indemnify buyers against any contingency. Documentation has to be rigorously prepared. However, suppliers are unwilling to be a part of liability indemnification pact for projects on the verge of completion. This has put builders under tremendous strain.

5) Exorbitant Escalation in Land Rates

As more and more land within Pune municipal area is becoming available for a premium, the costs of projects in prime locations are experiencing steep price rise. Buyers are increasingly opting for rentals rather than go for fresh purchases. This is causing inventory levels to go up.

6) Slackened Pace of Approval for New Projects

Builders are also grappling with the challenge of non-streamlined clearances from civic authorities in Pune. Corresponding delays are taking their toll on the price of the projects. This is because the committed/ advertised prices of apartments are not remaining feasible after factoring in the increase in raw material and other infrastructural expenses during the delayed period.

7) Increase in Cost of Raw Materials

Prices of cement, steel rods for trusses, and other raw materials have gone up significantly in recent times. Further, minimum wages of workers have been significantly revised after the adoption of the recommendations of 7^TH Pay Commission. This has caused even reputed builders in Pune to reel under the pressure of allocated budgets going haywire.

Source

Sancheti Builders, one of the best builders in Pune, has remained immune to these changes primarily because of the robustness of their strategic road-map. You can always trust on the quality of construction and rest assured that you would never be overcharged.

TOP 10 TRENDS IN REAL ESTATE TECHNOLOGY

May 7, 2018 - Uncategorized

Real estate sector has been the witness to significant changes in recent times. One of such impactful changes has been the ingress of technology in various spheres of operation. In this post, we would walk you through 10 such momentous real estate technology trends that are sweeping the real estate segment of late.

1) Introduction of Self-Healing Concrete 

Concrete is the key construction material that is widely used due to its durability and thermal resistance. Delft University’s microbiologist Hendrik Jonkers has almost succeeded in increasing the concrete’s lifecycle through his innovative self-healing concrete.

The technological breakthrough has been achieved through implanting of limestone generating microbes in concrete in self-activated mode. The microbes are embedded in concrete and calcium lactate during the construction phase.

Once the concrete starts cracking or water seepage occurs, microbes are auto-activated which repair the chink. This innovation definitely looks to be most promising among top technology trends in real estate.

2) Design of Curvilinear Structures using 3D Printing

Significant research is underway to explore the applicability of 3D printing for building construction related components. Large sized printers use specially formulated composite concrete mixture that is denser than regular concrete.

This concrete self-supports itself during setting and would open up the doors of limitless possibilities in architectural domain. With this technological stride, it would be possible to build curvilinear structures. Lower construction costs and zero deviation from the plan would also be accomplished.

3) Construction of Smart Buildings

Smart buildings rely on advances in informational technology for actuating intuitive processes that can potentially trigger operations like starting the air conditioner when human activity is observed in the room.

Smart sensors, intelligent microchips and AI are seamlessly stitching real estate and technology together for developing energy-efficient structures.

4) Artificial Intelligence (AI)

AI is going to be the real game changer in real estate domain. Intelligent modules deployed on sites’ would recognize speech of audiences, respond accordingly, and assist in solving specific problems being experienced by potential buyers.

5) Machine Learning

Machine learning, a basic component of AI, breathes in intelligence in AI module. It deciphers patterns in input streams and delivers outcomes based on identified classifications.

Complex and elaborate machine learning algorithms analyse inputs in real time and provide relevant outputs complementing the basic theme of the interaction.

AI underpinned machine learning occupies the centre-stage in contemporary real estate technology trends and can potentially convert apathetic site visitors into loyal customers.

6) Virtual Reality (VR)

VR as a technological leverage is set to revolutionise the real estate sector. Potential home buyers can be taken on a virtual walk through of the home they wish to buy.

A prospect can visualise the property from different perspectives in a visually appealing and well-lit digital ambience. With VR, you can also enhance the atmospheric effects that can allure prospects. Such effects are missing in real time physical site visit.

7) Augmented Reality (AR)

VR is complemented by AR. Through AR, your prospect can add more value to the virtual tour by being able to place furniture and other items in perspective within the flat.

This would help the prospect perceive the suitability and compatibility of potential property to his/her aspirations in aesthetically enhanced manner. AR is another technology that is reinforcing the business proposition in real estate.

8) Construction in Modular Manner

Modular construction involves building parts of the structure at the factory or in a place far removed from the actual site. All construction materials and dimensions remain the same. Structures are delivered and assembled on site as and when needed. This real estate technology has been reducing construction costs and wastes generated.

9) Replacement of TMT Bars on the Horizon

The strength of the architectural structure is directly proportional to the load enduring capability of bars being used in joists.

4 researchers at MIT have succeeded in controlling the geometrical configuration of graphene which is considered one of the sturdiest materials on earth. In the three dimensional format, graphene exhibits an unparalleled load bearing capability and is lightweight compared to TMT bars.

Research is in progress to analyse the applicability of graphene for construction projects, both ongoing and upcoming.

10) Use of Construction Drones

Site surveys are being increasingly conducted with construction drones. The progress of projects and their adherence to plans are tracked in real time through aerial pictures, maps and 3D photos being relayed by the drone. This technology is proving to be particularly useful in high-risk sites.

 

Conclusion

Real estate technology is slated to be the decisive factor in determining success quotient of realtors in coming years. Builders who are aware of the pulse of the customers and sentiments that drive the market are already in the process of embracing the same. The bottom line is that technology in real estate would certainly matter in coming days.