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AGREEMENT
FOR
XXXXXXXXXXXXXXXXXXX
BETWEEN
AND
THIS AGREEMENT is made onXX/XX/2011 , by and between .
(here in after called The employer ”) and Compa ny Ltd.
(here in after called The con tractor ”).
WHEREAS:
The employer is desirous of carry ing out the
(here in after referred to as The Works ”)
The con tractor has agreed to execute the said work in strict complia nee
with the terms of this Agreeme nt.
NOW IT IS HEREBY AGREED AS FOLLOWS:
Commencement: This Agreement shall commenee on the date first above writte n.
Location of work : The employer worksite in .
Scope of work : The con tractor shall un dertake
the .
Period of completion :
The work shall be completed within a period of days from the date
first above writte n as comme nceme nt date in this agreeme nt.
Con tract sum : The total value of the con tract shall be the sum of N Naira only.
Mode of payme nt:
First in stallme nt : The employer shall pay to the con tractor ninety five percent of the total price, i.e. Naira only upon completion of the work.
Second installment: The employer shall pay to the contractor five percent of the difference of the total price , i.e. Naira. only ,two weeks later,
after the work received has been proved qualified.
Penalty for default :
In the event the contractor shall fail to complete the work in time owing to reasons that the contractor shall be held liable , the contractor shall pay a penalty for such default based on one out of a thousand of the total price for installation work per day , i.e. Naira ,only for each day of such
default.
8.Increase or decrease of work :
In case the employer has to amend , increase or decrease the working schedule , the corresponding increase or decrease of total price shall be evaluated according to the terms and conditions between the two Parties , Should the work be increased , the Parties shall enter into an agreement for the unit price of additional items. Should any part of the completed work of any part of the materials transporte
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