Building Construction Agreement In Marathi
Or it may be higher than the amount a court would have ordered. However, with a lump sum indemnification clause, the owner can be assured that he or she will recover a certain amount to delay construction, and the contractor can limit his or her risk. 11. If the owner decides to provide the necessary building materials, the cost of those materials shall be credited to him and the value deducted from the immediately subsequent current invoice. The success of construction depends on clearly defined expectations and timelines. Errors or delays have a negative impact on both owners and contractors, resulting in additional costs for owners, as they cannot use the property on the date set for the intended purpose and incur additional costs for the contractors` work and equipment.