P.L.N.SIMHAM and Associates
Lakshmi Narasimham Polavarapu
40 Years Exp
Construction Agreement Review (Show More)
Hyderabad , Sarada Nagar
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Overview
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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Name : Lakshmi Narasimham Polavarapu
Law Firm Name : P.L.N.SIMHAM and Associates
Country : India
City : Hyderabad
State : TELANGANA
Practicing Since: 1985
About Your Firm : Independently practicing since more than 25 years. I had been panel advocate for High Court Legal Aid Services, National Insurance Company, State bank of Hyderabad, LIC Housing Finance and presently for Holyfaith International book publishers and a Notary.
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Legal & Drafting
NRI Services
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