School with 16 classrooms- Lump sum
Retail showroom deadline 30 days- Lump sum
Residence- Cost plus
Multiplex with high aesthetics- Unit price
Renovation of office- Cost plus
Retail Showroom Contract
Lump Sump
This business agreement is executed at ----------- on 18th January 2021 by and
between:
M/s ABC, (hereinafter Called FIRST PARTY, Which Expression shall unless
repugnant to the context or meaning therefore be deemed to include its
successors-in-business, executors, administrators, and lawful assigns)
AND
M/s XYZ (Hereinafter Called SECOND PARTY, Which Expression shall unless
repugnant to the context or meaning therefore be deemed to include its
successors-in-business, executors, administrators, and lawful assigns)
WHEREAS the FIRST PARTY wants to carry out the business of retailing, storing
such products on the below mentioned property belonging to/leased by the
SECOND PARTY.
Detailed Description of Work to Be Performed
________________________ agrees to perform in a good and workmanlike
manner, all work detailed in the Specifications Sheet which is annexed hereto
as Exhibit A, which is incorporated herein by reference. Any modifications or
alterations from the herein contained terms and conditions annexed must be
done in writing.
WHEREAS after mutual discussion party of FIRST PARTY selected air
conditioned show room of SECOND PARTY measuring about 150 Sq. mt.
located at GK-I , New Delhi as Outlet for sale on retail of said products-------------------- and therefore the parties have entered into this agreement on
following terms and conditions;
1. That both the parties agree that the proposed retail showroom is to be
exclusively used as retail out let for the products supplied by the party of FIRST
PARTY. Any additional premises if offered by the SECOND PARTY shall be added
with the mutual approval by both the parties.
2. All the renovation charges like air conditioning, flooring, ceiling, lighting and
all glasswork, electric fitting, generator/inverter sets, etc. will be provided by
the SECOND PARTY as per specification/instructions/drawings and
requirements of the party of first part. Architect will be provided or fixed by
the party of first part.
3. All interior decoration work including the wood work, wall modules, floor
modules, cash counters, shall be supplied and installed at the cost of FIRST
PARTY which will be subsequently adjusted between the parties as expenses.
4. That the agreement shall come into effect from ---------- The FIRST PARTY
shall dispatch and deliver the goods to the SECOND PARTY on consignment
basis at the showroom premises. The Freight of goods sent on consignment
shall be borne by the FIRST PARTY i.e. the goods/products shall be supplied to
the SECOND PARTY on F.O.R. basis. at Show room.
5. The FIRST PARTY will supply stationary/packing materials free of cost and
other items required by the SECOND PARTY to facilitate the customers as and
when required.
6. That all the expenses at any stage in all conditions and circumstances of
advertisements will be borne and arranged by the FIRST PARTY to promote the
sales of the product of the Company.
7. That this agreement is for the period of-------- from the date of opening of
the showroom. Which may be extended mutually agreed on revised terms.
8. Any variation in the terms and conditions of this agreement will be done by
the mutual Consent of the parties hereto, which must be reduced into writing
and shall from part and parcel of this agreement.
PAYMENT SCHEDULE
WORK DESCRIPTION
PERCENT PAYABLE OF TOTAL COST
Deposit to Begin Work
Electric Roughed
Rough Heating System Completed
Insulation Completed
Plasterwork Completed
Finish Heating Completed
Interior Trim Installed
Interior Doors Installed
Cabinets & Tops Installed
Concrete Floor Completed
Ceramic Tile Flooring Completed
Carpeting Completed
Finish Electric Completed
Interior Painting Completed
Appliances Installed
Sprinkler System Installed
________________________%
________________________%
________________________%
________________________%
________________________%
________________________%
________________________%
________________________%
________________________%
________________________%
________________________%
________________________%
________________________%
________________________%
________________________%
________________________%
Completion time
The
works
should
be
completed
in
_______30______
(months/weeks/days) from the date of this Agreement. The time period
may be extended in writing by mutual consent of both the parties.
Any delay in completing the construction on behalf of the constructor,
within the given time period will render him liable to pay liquidated
damages. @ Rs. *____________ per day which will be deducted from
the payments. The first party may also cancel the contract and take
recourse to such other action as deemed appropriate once the total
amount of liquidated damages exceeds 2 % of the contract amount.
(Note: The amount of liquidated damages per day should be
determined at 0.05 % of the contract value of the works and indicated
here).
IN WITNESS WHEREOF the parties hereto have set their hands and seals on this
the
day of
(FIRST
WITNESSES:
1.
2.
, 20
PARTY)
.
(SECOND
PARTY)