Construction contract /agreement format in tamil| Part-1|ஏமாறாமல் இருக்க இப்படி ஒப்பந்தம் செய்ங்க!

Summary

In this video, Dilip, an M.Tech structural engineer and licensed surveyor, addresses common misconceptions about construction agreements and presents an actual agreement used for a customer, with sensitive content redacted. He emphasizes the importance of a clear and detailed agreement for the safety of both the customer and the builder, outlining key points such as project cost, materials supply, payment modes, and dispute resolution. The video, sponsored by Hireandbuild, also touches on penalties for delays and responsibilities regarding additional work and payments, aiming to provide valuable insights for subscribers interested in construction costing and related topics.

Takeaways

• 👷 Dilip is an M.Tech structural engineer and licensed surveyor who posts videos on construction costing and related topics.
• 📜 The video discusses the importance of a construction agreement, which is often misunderstood to require legal team preparation.
• 🏗️ The agreement shown in the video is based on Dilip's experience and was reviewed by a lawyer before being signed by a customer.
• 🔍 A construction agreement helps to avoid unnecessary problems during construction, even with known contractors, by clarifying financial terms.
• 📝 A detailed and clear agreement is advisable for the safety of both the customer and the building contractor.
• 💰 The agreement specifies the overall project cost, materials supply, labor, and payment terms agreed upon by both parties.
• 🏦 Payment modes such as cash or cheque are outlined, with the builder providing receipts for all payments made.
• 🛠 The builder is responsible for constructing according to the plan, with any changes needing to be communicated before work completion.
• ⏱️ Delays outside the builder's control, like material unavailability during the rainy season, are not the builder's responsibility.
• 🤝 Any disputes arising between the builder and the owner should result in a decision that is fair to both parties.
• 🚫 The owner is not allowed to cancel the project midway without valid reasons, to protect the builder from potential losses.
• 💵 Penalties for delays in project completion are outlined, with the responsibility for paying them depending on the cause of the delay.
• 💧 Additional costs like water, sewage, and electricity connection charges are to be borne by the customer, not the builder.
• 🔌 The owner is responsible for fixing all electrical fittings, with the builder only providing switch points.
• 🛑 If payment is delayed by the client, causing work to stop, the builder may incur additional costs, which the owner may need to cover as a penalty.

Q & A

Who is the speaker in the video and what is his profession?

The speaker is Dilip, who is an M.Tech structural engineer and a licensed surveyor in Corporation and CMDA.

What topics does Dilip usually post videos about?

Dilip regularly posts videos on construction costing and other topics related to construction.

Why is a construction agreement necessary according to the video?

A construction agreement is necessary to avoid unnecessary problems during construction, clarify financial responsibilities, and ensure the safety and interests of both the customer and the building contractor.

What are some misconceptions about the construction agreement mentioned in the video?

Some misconceptions include the belief that the agreement must be made by a legal team, which is not necessarily the case as the agreement in the video was prepared based on the speaker's experience.

What is the importance of having a detailed agreement in construction?

A detailed agreement helps to avoid confusion and disputes related to money and work responsibilities, ensuring clear communication and expectations between the owner and the builder.

What is the significance of the first page of the agreement being printed on stamp paper?

The first page being printed on stamp paper is a legal requirement in some jurisdictions, indicating the formal and binding nature of the agreement.

What are the key points included in the construction agreement as per the video?

Key points include the names and addresses of the owner and builder, the overall cost of the project, the materials and labor responsibilities, payment terms, project completion timeline, and dispute resolution.

How does the agreement address payment and receipts?

The agreement specifies that the owner can pay by cash or cheque, and the builder is responsible for providing a receipt for each payment made.

What is the agreement's stance on changes to the construction plan?

The agreement states that any changes to the construction plan should be communicated by the owner before the work is completed to avoid additional charges for the builder.

How does the agreement handle delays in construction?

The agreement includes clauses that specify the builder is not responsible for delays beyond their control, such as natural calamities, but must complete the project on time if payments are received on time. Penalties for delays due to the builder's fault are also mentioned.

What are the responsibilities of the owner regarding electrical fittings and additional costs?

The owner is responsible for fixing all electrical fittings such as lights and fans, and for covering additional costs incurred by the builder due to delayed payments, such as labor stay and food expenses.

What is the policy on project cancellation as per the agreement?

The agreement states that the owner cannot cancel the project midway without valid reasons, as it would result in a significant loss for the builder. However, the customer has the right to stop the work if the builder's work is poor.

How does the agreement address disputes between the builder and the owner?

The agreement mentions that any disputes should be resolved in a way that is fair and justifiable to both the builder and the owner.

What is the role of Hireandbuild in the video?

Hireandbuild is the sponsor of the video, offering a 15-year warranty for construction, over 200 quality checks, and timely project delivery without cost overruns.