Contract Terms

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  • Topic: Contract, Gentlemen's agreement, Agreement
  • Pages : 3 (469 words )
  • Download(s) : 121
  • Published : January 19, 2013
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Contract between
MAANO TECHNICAL SERVICES CC
(Builder)
Represented by Mr. Herman Lukas
And
Mr. Joao de Sousa Satata
(Client)
Represented by Mr. Zenildo Calueto

For
THE CONSTRUCTION OF AN OUTBUILDING AT ERF 1387, MOUNTAIN THORN STREET, DORADO PARK, WINDHOEK – NAMIBIA.

CONTRACT BETWWEN THE OWNER AND THE BUILDER

CONTENTS
SECTION 1.Articles of Agreement.
SECTION 2.General Information.
SECTION 3.Standard Conditions of Contract.

Section 1
ARTICLES OF AGREEMENT
ARTICLES OF AGREEMENT MADE ON THE __________ day of ______________________ 2013. Between _________________________ (hereinafter called “The Owner”) of the one part and _____________________________ of (or whose office is situated at) ____________________ _____________________ (hereinafter called “The Builder”) of the other part.

WHEREAS the owner is desirous of having a house and its supporting infrastructure (hereinafter called Works) constructed in accordance with the drawings and specifications approved by the Municipality and in accordance with the General Information at the Section 2 and the General Conditions of Contract at Section 3. AND WHEREAS the Builder has submitted his offer dated _____ day of _______________ 2013. Offering to complete and maintain the Works upon the said conditions and in acconrdance with the Drawings and Specifications. AND WHEREAS the Owner has accepted the Builder’s offer conveyed in the said tender.

NOW IT IS HEREBY AGREED AS FOLLOWS:
1. For the consideration hereinafter mentioned, the Builder shall complete the Works subjected to the said Conditions of Contract and in accordance with the Drawings and Specifications. 2. The total cost for construction of the outer building is as per approved is 165,000.00. 3. The Owner will pay the Builder the sum of 25% deposit 41,250.00, and the other 25% after complete 50% of the construction and then the last 50% after complete of the project.

IN WITNESS hereof has signed in the presence of...
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