Copyright biztree inc. 2010. All rights reserved. protected by the copyright laws of the United States and Canada and international treaties. This is an illegal and independent contractor contract that provides for the agreement with independent contractors („Agreement“). If the project is a new building or if the project is large (more than 2 to 3 months), the contractor requires it to pay overtime or at certain „checkpoints“. The client is responsible for the fact that the project works accordingly and that, if certain parameters are met, payment is made. Construction delays can be protected by the contracting authorities with a lump sum compensation clause in their agreement. Lump sum damages are a fixed amount per day that the contractor pays to the owner for each day of delay in construction. Instead of negotiating damages in court, owners and contractors can agree in advance on a lump sum of damages. D. The contractor should guarantee to the owner that all work is carried out in accordance with the contractual documents. All problems caused by defective materials or equipment, for a period of ten years, will be reworked or repaired by the contractor.
One. The contractor is responsible for purchasing and maintaining appropriate insurance for the construction. Benjamin Franklin said so famously, „Time is money.“ Whichever page you are on, reduce the construction time by having a clear plan with this document. (a) all materials and finishes must be the best of each kind and must be described in the schedules; The architect`s decision on the prices, quantity and sufficient quality of the materials and transformation is final and binding on the contractor. The specific brands mentioned in accordance with the attached schedule. c) All approved derogations for which no tariff or price has been agreed in advance shall be measured and evaluated by the architect. Goods for which such a rate does not exist are exported at actual costs to the contractor of the place of the factory, plus 15 % of VAT on the actual costs, provided that the architect correctly certifies those costs. For work of lesser work, payment is made after completion. Package: Also known by the traditional name of a „fixed price“ contract, this is the most common price agreement for works contracts.
In a lump sum contract, the parties agree on a fixed price based on the contractor`s assessment of the cost of a complete and final project. Contract contracts take into account all materials, subcontracts, labor, indirect costs, profits and more. 11. If the OWNER decides to provide the necessary building materials, the cost of these materials is credited and the value deducted from the immediately subsequent current invoice. . . .