Building Construction Contract Agreement Kerala

by the contractors to be paid to the owner, and the architect`s attestation is final and conclusive between the parties. Costs or cost-plus: In a Cost Plus contract, the owner reimburses the contractor for all costs incurred during construction, such as equipment and work. The owner also pays an agreed profit margin, usually a flat fee or a percentage of the total cost. 18. The owner, while retaining ownership of the land, authorized the contractor to enter the land only for the purpose of constructing an immovable. Thereafter, the owner has the right to freely enter and exercise any deed of ownership and ownership through the aforementioned residential land. 9. The contractor shall cooperate with other organizations involved in the work of the building. It gives them all the cooperation and support they provide.

The completion period does not extend on this account. .

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