Document background
The Construction Agreement with Builder is essential for any construction project in India where a property owner or developer engages a builder for construction works. This document is particularly crucial given India's complex regulatory environment, including compliance with the Real Estate (Regulation and Development) Act 2016, local building codes, and environmental regulations. The agreement should be used at the commencement of any construction project, whether residential, commercial, or industrial, and typically follows after initial design approval and before construction begins. It includes detailed specifications of the work, quality standards, timelines, payment schedules, and dispute resolution mechanisms. The agreement protects both parties by clearly defining their rights and obligations, establishing construction standards, and providing mechanisms for handling variations, delays, and defects. In the Indian context, where construction disputes are common, having a well-drafted Construction Agreement with Builder is crucial for project success and legal compliance.
