Construction Agreement House

However, an amount equal to 5% of the total amount of the contract to be paid by the owner under this contract is withheld by the owner as a withholding indemnity to be paid after a period of 12 months from the date of delivery of the bungalow fully and ready to be purchased. The contracting authorities accept and undertake to remedy all failures that may be found or noted during twelve months. Where the contracting authorities do not remedy these defects or do not remedy the defects mentioned by the owner within fifteen days from the date of notification to the contracting authorities, the owner shall have the right to have the defects repaired by other entities which he deems appropriate at the expense and risk of the contracting authorities and to use the retention allowance; To the extent that the retention allowance is not sufficient to cover these costs, expenses and charges incurred by the owner to remedy the construction defects, the contracting authorities must remedy the failure within 7 days of the written request of the owner, failing which the contracting authorities will be required to pay them at the same time as the interest of 15% per year. 5. The owner authorizes agents, employees, subcontractors and any other person necessary for the execution of the works under the agreement to freely enter the premises and freely leave the premises. A house construction agreement must be made before proceeding with the actual work, as it mentions the extent of the work that must be carried out by the contractor and the payment steps that must be released by the owner. 16. If, according to the architect, the work carried out by the contractor is unsatisfactory, if progress is slow or if it is likely that the contractor cannot complete the work on schedule, the owner has the right to terminate this contract at the contractor`s risk by creating fifteen days if he has the right to award the contract to the agencies, which he considers possible Fit and all cash losses or expenses incurred in this account, as attested by the architect, are deducted from the funds due to the contractor or recovered by the contractor. . . .

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