This Agreement is made at Mohali on 2 April 2026
BETWEEN
Bhatia Shuttering and Scaffolding Store, of Industrial Area, Phase 7, Mohali, bearing registration/GST number 03ABCDE1234F1Z5 ("the Supplier", which expression shall include the Supplier's partners, legal representatives and permitted assigns), of the ONE PART;
AND
Ramandeep Singh, of House No. 214, Sector 70, Mohali ("the Hirer", which expression shall include the Hirer's heirs, partners, legal representatives and permitted assigns), of the OTHER PART.
The Supplier and the Hirer are together "the Parties".
1.1 The Supplier lets on hire, and the Hirer takes on hire, the shuttering and scaffolding equipment described below ("the Equipment") for use at Plot No. 118, Sector 70, Mohali ("the Site").
1.2 Equipment hired (item, size and quantity): 200 centering plates (2 ft × 3 ft), 150 adjustable props, 400 scaffolding pipes (6 ft), 150 couplers
1.3 The Equipment remains the property of the Supplier at all times. The Hirer acquires only the right to use it at the Site for the hire period. The Hirer shall not sell, pledge, sub-hire or lend the Equipment, or move it from the Site without the Supplier's written consent.
2.1 The Supplier shall deliver the equipment to the Site and collect it at the end, at its own cost.
2.2 Hire begins on 1 April 2026, the date of delivery. The Equipment is expected back on 2 April 2026. Hire continues, and rent is payable, until the Equipment is returned to the Supplier and counted.
2.3 On delivery, the Parties shall count the Equipment together and sign a delivery challan listing each item, the quantity and its condition. On return, the Parties shall count and inspect it again and sign a return challan. The challans are the record of what was delivered and what came back.
2.4 The Hirer may return part of the Equipment before the end of the hire. Rent for the returned items stops from the date they are counted back, subject to any minimum hire period.
3.1 Rent is charged per item per day, at these rates: Centering plates Rs 8 per plate per day; props Rs 5 per prop per day; scaffolding pipes Rs 3 per pipe per day
3.2 Minimum hire period: 15 days. Rent is payable for at least that period even if the Equipment is returned sooner.
3.3 Billing and payment: Rent billed monthly and paid within seven days of the bill
3.4 Rent and charges are exclusive of goods and services tax and any other tax or cess payable in addition, unless stated otherwise.
3.5 The Hirer has paid a refundable security deposit of ₹50,000 (Rupees Fifty Thousand only). The Supplier may set against it any unpaid rent and any charge for loss or damage under clause 4, and shall refund the balance within seven days of the Equipment being returned and counted, with a statement of the deductions. The deposit carries no interest unless agreed in writing.