Sachin Sharma & Associates

 Sachin Sharma

 14 Years Exp

 Construction Agreement (Show More)

 Mohali , Bhabat

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Information

A construction agreement is a contract between the builder and the buyer. It describes the rights, duties and obligations of both parties in their dealings with each other. It is important for both the construction contractor and buyer to sign this agreement before they perform any work. The construction agreement can be used for both residential and commercial projects. The contents of the agreement may vary based on the nature of the project.

Some of the information included in a construction agreement are

•    Names and addresses of both the parties
•    Location and address where the construction work is to be done
•    Description of the construction/renovation work to be done with timeline
•    Materials that will be used during the construction
•    Duration of the project
•    Details and method of payment
•    Methods to handle any change in work order
•    The buyer and seller should check that the title flows in the parent documents are correct and does not miss any previous buyer or seller. This is a common type of fraud.Penalty in case the builder defaults in any of the clauses mentioned in the construction agreement


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Reviews

Name : Sachin Sharma

Law Firm Name : Sachin Sharma & Associates

Country : India

City : Mohali

State : PUNJAB

Practicing Since: 2011

About Your Firm : Sachin Sharma & Associates

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 Legal & Drafting

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