This Contract is made at Mohali on 2 April 2026
BETWEEN
Ramandeep Singh, resident of House No. 214, Sector 70, Mohali ("the Owner", which expression shall include the Owner's heirs, legal representatives and assigns), of the ONE PART;
AND
Balwinder Singh, Sai Construction Co., of SCO 44, Phase 3B2, Mohali, bearing registration/GST number 03ABCDE1234F1Z5 ("the Contractor", which expression shall include the Contractor's partners, legal representatives and permitted assigns), of the OTHER PART.
The Owner and the Contractor are together "the Parties".
1.1 The Owner is the owner/allottee in possession of the site at Plot No. 118, Sector 70, Mohali, measuring approximately 250 square yards ("the Site").
1.2 The Contractor agrees to construct, and the Owner agrees to have constructed, Ground floor plus two upper floors, with a total built-up area of approximately 3,600 square feet, strictly in accordance with the sanctioned building plan and the scope below ("the Work").
1.3 Scope of work and specifications: RCC frame structure, vitrified tile flooring, concealed copper wiring, external cement plaster with weatherproof paint, aluminium windows, as per the drawing attached
1.4 The Contractor supplies all materials
Specifically: Owner supplies cement, steel and sanitaryware; Contractor supplies sand, bricks, labour and all other materials
1.5 All materials shall conform to the specifications agreed and, where applicable, to the standards prescribed by the Bureau of Indian Standards. The Owner or the Owner's representative may inspect materials and workmanship at any reasonable time before they are built into the Work.
2.1 This Contract is priced on a fixed lump-sum price for the whole work.
2.2 The total contract value is ₹32,00,000 (Rupees Thirty Two Lakh only), exclusive of goods and services tax and any other tax or cess payable in addition, unless stated otherwise.
2.3 The Owner shall pay the Contractor an advance/mobilisation amount of ₹3,00,000 (Rupees Three Lakh only) on signing, adjustable against the final bill.
2.4 Payment schedule: 20% on plinth completion, 20% on first-floor slab, 20% on second-floor slab, 20% on brickwork and plaster, 20% on handover after snag rectification
2.5 The Owner shall retain 5% of each running bill as security/retention, released on expiry of the defect liability period under clause 4.
3.1 The Work shall commence on 1 April 2026 and be completed on or before 2 April 2026, subject to force majeure and any delay directly caused by the Owner or by a authority's failure to grant a required approval in time.
3.2 Rs 5,000 per week of delay beyond the completion date, capped at 5% of the contract value