Innamuris'& Associates

 Balasubramanyam Innamuri

 16 Years Exp

 Construction Agreement Review (Show More)

 East Godavari , Alcot Gardens

 View Answers by this Partner (0)

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Information

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 : Balasubramanyam Innamuri

Law Firm Name : Innamuris'& Associates

Country : India

City : East Godavari

State : ANDHRA PRADESH

Practicing Since: 2009

About Your Firm : I was practicing independent lawyer since last 10 years having versatile knowledge in reality and dealt with a variety of problems

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