CONSTRUCTION / WORKS CONTRACT AGREEMENT
This Works Contract Agreement is made on [Date] between [Party A Name], residing/having office at [Address] ("Owner / Employer"), and [Party B Name], having its office at [Address] ("Contractor").
- Scope of Work. The Contractor shall execute [Description of Works] at [Site Address] as per the approved drawings, specifications and Bill of Quantities (BOQ), with effect from the Effective Date.
- Contract Value. The total contract value is Rs. [Amount], plus applicable GST, on a [Lump-sum / Item-rate] basis.
- Timeline. The works shall commence on [Start Date] and be completed within [Number] days/months, subject to permitted extensions.
- Milestone Payments. Payments shall be released against certified progress as per the agreed milestone schedule, less [Percentage]% retention.
- Materials & Workmanship. The Contractor shall use materials of the specified quality (ISI-marked where applicable) and ensure good workmanship as per IS codes.
- Statutory Compliance. The Contractor shall comply with labour, safety, EPF/ESI and municipal regulations and hold the Owner harmless against any default.
- Variations. Any additional or deleted work shall be valued at BOQ rates or as mutually agreed, and adjusted in the final bill.
- Defect Liability. The Contractor shall rectify defects free of cost during the defect liability period of [Number] months from completion.
- Delay Penalty. For delay attributable to the Contractor, liquidated damages of [Amount / Percentage] per [week] may be levied, subject to a cap.
- Governing Law & Dispute Resolution. This Agreement is governed by Indian law; disputes shall be referred to arbitration under the Arbitration and Conciliation Act, 1996, seated at [City].
IN WITNESS WHEREOF, the parties have signed this Works Contract Agreement on the date first written above.
___
[Party A Name] (Owner)
[Party A Name] (Owner)
___
For [Party B Name] (Contractor)
For [Party B Name] (Contractor)
___
Witness 1
Witness 1
___
Witness 2
Witness 2