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Construction Subcontract
"Need a Construction Subcontract for electrical works on a commercial building in Singapore, with a contract value of SGD 2.5 million and works commencing March 2025, including specific provisions for performance bond and liquidated damages."
1. Parties: Details of the main contractor and subcontractor
2. Background: Context of the main contract and subcontract works
3. Definitions: Key terms used throughout the agreement including references to applicable Singapore construction laws and regulations
4. Scope of Works: Detailed description of subcontract works, compliance with Building Control Act requirements
5. Contract Sum and Payment Terms: Price, payment schedule, and compliance with Building and Construction Industry Security of Payment Act (SOPA)
6. Duration and Programme: Timeframes, milestones, and completion dates
7. Safety and Compliance: Safety requirements under Workplace Safety and Health Act, regulatory compliance
8. Insurance and Indemnities: Required insurance coverage and indemnification provisions
9. Termination: Grounds and procedures for contract termination
1. Performance Bond: Required for high-value contracts or risky works, typically 10% of contract value
2. Liquidated Damages: Pre-agreed damages for delay or non-performance, must be genuine pre-estimate of loss
3. Retention: Holdback provisions for quality assurance, typically 5-10% of contract value
1. Schedule of Works: Detailed scope breakdown and specifications aligned with Building Control Act requirements
2. Schedule of Rates: Breakdown of prices and rates, including provisions for progress payments under SOPA
3. Programme Schedule: Detailed timeline and milestones for the works
4. Safety Requirements: Specific safety procedures and requirements under Workplace Safety and Health Act
5. Insurance Requirements: Details of required insurance coverage including contractors all-risk insurance
6. Quality Assurance Plan: Quality control procedures and standards in compliance with BCA requirements
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