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Owner Contractor Agreement
"I need an Owner Contractor Agreement for a residential renovation project in Singapore valued at SGD 2.5M, with work starting in March 2025 and including specific provisions for sustainable materials and green building standards."
1. Parties: Identifies and defines the Owner and Contractor with complete legal details
2. Background: Outlines the context and purpose of the agreement
3. Definitions: Defines key terms used throughout the agreement
4. Scope of Work: Detailed description of the works to be performed by the Contractor
5. Contract Sum and Payment Terms: Specifies the agreed price and payment schedule
6. Time for Completion: Specifies project timeline, milestones, and completion date
7. Contractor's Obligations: Lists all responsibilities and duties of the Contractor
8. Owner's Obligations: Lists all responsibilities and duties of the Owner
9. Insurance and Indemnity: Details required insurance coverage and indemnification provisions
10. Termination: Conditions and procedures for contract termination
1. Performance Bond: Required when project value exceeds certain threshold or upon Owner's request
2. Liquidated Damages: Predetermined damages for delay or breach, typically used for time-sensitive projects
3. Variations: Procedures for handling changes to scope, recommended for complex projects likely to require changes
4. Defects Liability: Extended warranty period after completion, typically used for construction works requiring warranty
1. Schedule 1 - Scope of Works: Detailed technical specifications and drawings
2. Schedule 2 - Payment Schedule: Detailed breakdown of payment milestones
3. Schedule 3 - Project Timeline: Detailed project schedule with milestones
4. Schedule 4 - Site Details: Site information and access details
5. Schedule 5 - Insurance Requirements: Detailed insurance specifications
6. Appendix A - Technical Drawings: Architectural and engineering drawings
7. Appendix B - Material Specifications: Detailed specifications of materials to be used
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