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Standard Building Contract
"I need a Standard Building Contract for a residential apartment complex construction project in Mumbai with a contract value of INR 50 crores, project completion date of March 2025, and specific provisions for green building certification compliance."
1. Parties: Identification and details of the Employer/Owner and the Contractor
2. Background: Context of the construction project and the purpose of the agreement
3. Definitions: Definitions of key terms used throughout the contract
4. Scope of Work: Detailed description of the construction work to be carried out
5. Contract Sum: Agreed price for the works and payment terms
6. Time for Completion: Project timeline, completion date, and provisions for extensions
7. Contractor's Obligations: General and specific obligations of the contractor
8. Employer's Obligations: General and specific obligations of the employer
9. Quality and Standards: Required quality standards, inspections, and approvals
10. Variations: Procedures for handling changes to the scope of work
11. Payment Terms: Detailed payment schedule, method, and conditions
12. Insurance and Indemnity: Required insurance coverage and indemnification provisions
13. Defects Liability: Duration and scope of defects liability period
14. Termination: Grounds and procedures for contract termination
15. Dispute Resolution: Methods and procedures for resolving disputes
16. Force Majeure: Provisions for handling unforeseen circumstances
17. Governing Law: Applicable law and jurisdiction
1. Performance Security: Required when the project value exceeds certain thresholds or when specifically requested by the employer
2. Retention Money: Used when parties agree to withhold a percentage of payments as security
3. Liquidated Damages: Included when specific compensation for delays needs to be pre-agreed
4. Advance Payment: When advance payments are to be made to the contractor
5. Nominated Sub-contractors: Required when specific sub-contractors are to be appointed by the employer
6. Environmental Compliance: Detailed section needed for projects with significant environmental impact
7. Site Security: Required for projects in sensitive or high-risk areas
8. Archaeological Findings: Necessary for construction in historically significant areas
9. Testing and Commissioning: Detailed section needed for complex technical installations
1. Schedule 1 - Contract Drawings: Detailed architectural and engineering drawings
2. Schedule 2 - Technical Specifications: Detailed specifications for materials and workmanship
3. Schedule 3 - Bill of Quantities: Itemized list of quantities and rates
4. Schedule 4 - Project Timeline: Detailed construction schedule and milestones
5. Schedule 5 - Payment Schedule: Detailed breakdown of payment stages
6. Schedule 6 - Site Details: Site plan, access points, and existing conditions
7. Schedule 7 - Quality Assurance Plan: Detailed quality control procedures and standards
8. Schedule 8 - Safety Requirements: Safety protocols and requirements
9. Appendix A - Insurance Requirements: Detailed insurance coverage requirements
10. Appendix B - Forms and Certificates: Standard forms for various project procedures
11. Appendix C - List of Approved Materials: Pre-approved materials and suppliers
12. Appendix D - Statutory Compliance Checklist: List of required permits and approvals
Authors
Construction
Real Estate
Infrastructure
Commercial Property
Residential Property
Industrial Construction
Public Works
Urban Development
Property Development
Engineering Services
Legal
Construction
Operations
Commercial
Procurement
Risk & Compliance
Property Development
Project Management
Technical Services
Contract Administration
Business Development
Construction Manager
Project Manager
Contract Manager
Legal Counsel
Property Developer
Site Engineer
Quantity Surveyor
Procurement Manager
Commercial Director
Operations Director
Chief Executive Officer
Managing Director
Construction Director
Legal Director
Risk Manager
Compliance Officer
Project Architect
Development Manager
Technical Director
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