general conditions of contract in india
PROFESSIONAL PRACTICE I
CONDITIONS AND SCOPE OF
CONTRACT
There is no uniformity in general conditions of contact adopted by various central and state government departments.
The practice adopted by central/state public sector undertaking and consultants in private sector is also at variance.
• CENTRAL GOVT.
• STATE GOVT.
•An attempt has been made to give a brief summary of critical clauses adopted by Indian Institute of Architects and Central PWD.
INDIAN INSTITUTE OF ARCHITECTS
CENTRAL PUBLIC WORKS DEPATMENT
GENERAL CONDITIONS OF CONTRACT summary of some critical clauses adopted by I.I.A.
• salient features of conditions of Contract adopted by
Indian Institute of Architects are discussed below:
– PERFORMANCE BOND ( SECURITY DEPOSIT):
Sum to be deposited as security is mentioned in the appendix to each contract . This deposit is to be made with architect within 10 days of signing the contract in the form approved by the architect and it shall remain till the defect liability period expires. Earnest money will become part of the security deposit. Owner may retain from interim payments some percentage till full deposit is recovered.
GENERAL CONDITIONS OF CONTRACT summary of some critical clauses adopted by I.I.A.
– DAMAGES FOR NON- COMPLETION:
Liquidated damages to the contract shall be recovered.
– DETERMINATION OF CONTRACT :
Owner can determine the contract if contractor….
1] suspends the work….
2]fails to give regular progress….
3]fails to remove or rectify defective work or materials….
4] sublets the work without written per mission….
5] Bankruptcy Notice period is 14 days.
GENERAL CONDITIONS OF CONTRACT summary of some critical clauses adopted by I.I.A.
Contractor can determine the contract if the owner ….
1] fails to make payment within specified period….
2] interferes or obstructs issue of certificate for payment….
3]suspends work for a continuous period ….
4] force majeure ….
5]fails to issue
CONDITIONS AND SCOPE OF
CONTRACT
There is no uniformity in general conditions of contact adopted by various central and state government departments.
The practice adopted by central/state public sector undertaking and consultants in private sector is also at variance.
• CENTRAL GOVT.
• STATE GOVT.
•An attempt has been made to give a brief summary of critical clauses adopted by Indian Institute of Architects and Central PWD.
INDIAN INSTITUTE OF ARCHITECTS
CENTRAL PUBLIC WORKS DEPATMENT
GENERAL CONDITIONS OF CONTRACT summary of some critical clauses adopted by I.I.A.
• salient features of conditions of Contract adopted by
Indian Institute of Architects are discussed below:
– PERFORMANCE BOND ( SECURITY DEPOSIT):
Sum to be deposited as security is mentioned in the appendix to each contract . This deposit is to be made with architect within 10 days of signing the contract in the form approved by the architect and it shall remain till the defect liability period expires. Earnest money will become part of the security deposit. Owner may retain from interim payments some percentage till full deposit is recovered.
GENERAL CONDITIONS OF CONTRACT summary of some critical clauses adopted by I.I.A.
– DAMAGES FOR NON- COMPLETION:
Liquidated damages to the contract shall be recovered.
– DETERMINATION OF CONTRACT :
Owner can determine the contract if contractor….
1] suspends the work….
2]fails to give regular progress….
3]fails to remove or rectify defective work or materials….
4] sublets the work without written per mission….
5] Bankruptcy Notice period is 14 days.
GENERAL CONDITIONS OF CONTRACT summary of some critical clauses adopted by I.I.A.
Contractor can determine the contract if the owner ….
1] fails to make payment within specified period….
2] interferes or obstructs issue of certificate for payment….
3]suspends work for a continuous period ….
4] force majeure ….
5]fails to issue