Terms And Conditions – GrandJyothi.

Terms & Conditions

- As per Specifications and Work Plans. The Work will be constructed in accordance with the plans and specifications which have been examined and approved by the Owner.

- Labor and Material. Contractor shall pay all valid charges for labor and material incurred by the Contractor and used in the construction of Work but is excused by Owner from obligation for bills received in any period during which Owner is in arrearsin making progress payments to Contractor.

- Extra Work. In event that the owner or any governmental body or lender directs any modification or addition to the Work covered by this Contract, the cost shall be added to the Contract price. Requests for extra work should be made by written documents.

- Delay. Contractor shall be excused for any delay in completion of Contract caused by acts of God, acts of the Owner or Owner’s agents, stormy weather, labor trouble, acts of public utilities or governmental agencies, extra work, failure of Owner to make
  progress payments when due, or other contingencies unforeseen by Contractor and beyond the reasonable control of Contractor.

- Subcontracts. Contractor shall not subcontract any portion of the Work without written permission from the Owner.

- Warranties. If possible, Contractor shall cause suppliers to issue any warranties or guarantees directly to the Owner. A builder’s
  warranty is insurance provided by the builder on a new construction where they are liable to address the structural defects for a period of one years from the date of handover.

- Laws and Permits (a) Contractor will perform the Work in compliance with applicable laws. (b) Contractor will procure, at his
  expense, a building permit for the Work; however, Owner at Owner’s expense will procure all variances as required for the Work and will pay all assessment, taxes, and charges in connection with the performance of Work or arising there from.(c) Prior commencement of the Work, Owner shall disclose toContractor any soils or drainage conditions at the Property which could affect Contractor’s performance of the Work and any hazardous or toxic conditions existing at the Property relating to Contractor’s performance of the Work, including without limitation asbestos, toxic molds, lead paint, PCB’s and underground storage tanks. Owner shall at Owner’s expense abate any such conditions as may be reasonable and necessary to perform the Work.

- Insurance. (a) Contractor shall maintain at its expense, automobile liability insurance, and Worker’s Compensation insurance as required by law. (b) Owner shall maintain at Owner’s expense property insurance with course of construction, vandalism, and malicious mischief clauses, insuring the Property and the Work. (c) The parties hereby agree on behalf of themselves and their respective insurers to waive any right of subrogation which either party or its insurers may have against the other party or its insurers.

- Clean-up. Upon completion of Work, before leaving the Property, Contractor shall remove all surplus materials, containers and rubbish from the Property and shall leave the Property clean and ready for occupancy.

- Competent Court. Any claims or disputes arising between the parties. relating to this Contract shall be decided by Competent Court in Bangalore Judicial only.

- Material and Workmanship. All materials shall be standard grade unless otherwise specified in writing. Any materials abovestandard grade that Owner may request after commencement of the Work shall be considered extra work and additional charge will be added to the Contract price. Contractor shall use standard methods and means in performing the Work, and any material variation in those methods, if requested by Owner or Owner’s agents, may result in a charge for extra work.

- Final Payment. Final payment shall be due upon completion of the Work and Contractor’s statement that all subcontractors and suppliers who could have asserted a mechanic’s lien against the Property have been paid or will be paid from final payment. Final payment shall not be withheld solely because minor punch list items or repairs remain undone.

- Completion of Work. Owner shall at Contractors request, sign and record a Notice of Completion within five (5) days after completion of Work. If the project passes final inspection by applicable public agency or building department, but Owner fails to record a Notice of Completion, Owner hereby irrevocably appoints Contractor as Owner’s agent to prepare, sign and record a Notice of Completion with respect to Work.

- Risk of Loss. Risk of Loss as to any goods or materials, once installed and incorporated in the Work shall pass from Contractor to Owner.

- Contractor has agreed to complete the work in 6 months any delay from contractor end to complete the building, will attract a penalty of 10% per month on total contract value and same will be deducted from the total contract value only balance amount will be paid as full settlement. Any part of month will be treated as full month. In case if any delay from the owner side, the same above clause will be applied to the owner also.

- Miscellaneous Provisions. a. All prices quoted are subject to acceptance within Fifteen (15) days. b. Contractor will use reasonable care not to damage plants or landscaping. Owner may wish to transplant or remove any plants in the vicinity of the areas where the Work is to be performed. Owner shall provide reasonable access to the Property and areas for storage of Contractors equipment, supplies and porta toilet. Note: It is the owner’s responsibility to supply and make available 6KV electrical power and water at his cost for the completion of said Work. c. All notices shall be in writing and sent to the respective party at the address appearing on the first page of this Contract by personal delivery, certified mail (return receipt requested) or reputable overnight courier. d. Contractor may not assign this Contract without the prior written consent of the Owner. e. This Contract may not be modified excepted by a writing signed by the parties.