CONTRACT

This INTERIOR DESIGNING CONTRACT is made and executed on this 05-01-2022, at Hyderabad by
and between:

Mr. ACHYUTH BHARATH GUDA and Others, at H.NO. 5, First floor, R-10L, Mallareddynagar
Beeramguda, Hyderabad, 502032 T.S., India.

Hereinafter called the CLIENT / FIRST PARTY which term shall mean and include all heirs, successors,
legal representatives, administrators, assigns, etc., of the FIRST PARTY.

AND

EXCELLIUM COMMODITIES INTERNATIONAL

Contracting Firm, having its Office at 8-2-293/82/1/238, road no. 12 MLA colony, Banjara hills,
HYDERABAD, T.S., India, and represented by its director:

MR. K. ROHAN VINAYAK REDDY S/o, K. VENKAT REDDY aged about 28 years, Occ: director, PLOT
NO 956-957, Flat No. 401, New crescents Krishna elite apt, defence colony, sainikpuri Hyderabad
-500094, T.S., India.

1 of 7
 Hereinafter called the CONSULTANT/ SECOND PARTY which term shall mean and include all
heirs, successors, legal representatives, administrators, assigns, etc., of the SECOND PARTY.

WHEREAS the CLIENT / FIRST PARTY are the absolute Owners & possessors of the properties bearing
PLOT No. 52, SURVEY No. PART OF 817,828,829,830. MSR BASAWESHWARA ENCLAVE,
VANDANAPURI COLON, BEERAMGUDA, HYD - 502032, ad measuring 167Sq.Yds. or 139.6 Sq.Mts.
situated at Beeramguda, Hyderabad, T.S, India. The CLIENT / FIRST PARTY has approached the
CONSULTANT / SECOND PARTY for the construction of the proposed residential building (GROUND +
Upper Floors with a total built up slab area of 2500 SFT) on the above said premises, as per the
Drawings (Annexure -I), Construction & Material Specifications (Annexure -II) and other annexes
enclosed, herein after referred to as the "SAID WORK", and both the parties agreed on the following
terms & conditions.
TERMS & CONDITIONS

1. CLIENT / FIRST PARTY agreed to the estimate of the SAID WORK, hereinafter referred to as
"CONTRACT AMOUNT" provided by the CONSULTANT / SECOND PARTY.

1. The “CONTRACT AMOUNT” as mutually agreed by both the parties is Rs 33,72,564/- (Rupees
THIRTY-THREE LAKHS SEVENTY TWO THOUSAND FIVE HUNDRED SIXTY FOUR). This total amount
will be subject to the final measurements on site. The details of CONTRACT AMOUNT are defined
in the enclosed quotation no.: 18/01/2021.

2. The Contract amount shall be paid by the CLIENT / FIRST PARTY to the CONSULTANT /
SECOND PARTY at the times and in the manner set forth in Schedule of Payments as mentioned in
Annexure - III.

1. In consideration of the said contract amount, the CONSULTANT shall execute the SAID WORK
all through his materials and labour viz. masons, labourers, shuttering carpenters, steel fixers,
helpers, water carriers, electricians, plumbers and other necessary workers required for the
smooth and in-time completion of SAID WORK.

2. The CONSULTANT / SECOND PARTY shall exercise the scope of work as defined in Annexure -
IV.

1. The CONSULTANT / SECOND PARTY shall complete all the construction works within eight (8)
months from the date of physical handover of site and after completion of excavation of
2 of 7
 foundation along with the necessary approvals, by the CLIENT / FIRST PARTY. One (1) months
grace period will be provided for natural calamities or Act of God. Delay in Project completion by
any reason of non – availability of water, steel, cement, or other construction materials or
equipment, or impossibility arising from any Government Ordinances, Legislations or notifications
or Orders by the Government or Local authorities, or any complaints, public strikes, etc., which
are beyond the control of the CONSULTANT / SECOND PARTY, shall not be treated as delayed
completion of the Project.

3. The Consultant/Second party shall be solely liable for the payment of labour charges/
wages/salaries including Provident Fund or any other levy applicable as per Government
guidelines applicable for all such employees/workers engaged in the construction
activity/supervision activity at the site of the First party engaged by the Consultant/Second party.
Any non-compliance of the statutory provisions applicable in this regard shall be to the account of
the Second party/Consultant including any penalty/fines which may be levied by any
Government/Quasi government body for any non-compliances whatsoever relating to the
construction activity undertaken by the Consultant/Second party on the site of the First party.

4. The Consultant/Second party shall be solely liable for the payment of all such material which
the Second party/Consultant has agreed to put to use in the construction of the Building of the
First party in terms of this agreement relating to the construction of the Building to be undertaken
on the site of the First party. Any non-payment of Government taxes/levies/ including Goods
Services Taxes (GST) in buying the building/construction material shall to the account of the
Consultant/Second party. It is made absolutely clear that the First party shall not be liable in any
manner whatsoever on any default/non-compliance or avoidance/non-payment of any taxes
including GST in buying material by the Second party/Consultant for the construction of the
building on the site of the First party.

5. The CLIENT / FIRST PARTY agrees that if payments are not made as per Annexure – III, The
CONSULTANT / SECOND PARTY has the right to stop all works until such time as payments have
been brought current, along with extension of time.

6. The CONSULTANT / SECOND PARTY agrees that if the construction is not completed within
the specified time period, then the CONSULTANT / SECOND PARTY shall pay the liquidated
damages to the CLIENT / FIRST PARTY, a lump sum of Rs.10,000/- (Rupees Ten thousand only) per
month for the delayed period.

7. Any delay in the project completion period due to the delayed payments from the CLIENT /
FIRST PARTY or non-availability of necessary sanctioned from competent authorities shall not be
treated as project delay by the CONSULTANT / SECOND PARTY.
3 of 7
8. Standard construction quality & material specifications as per ANNEXURE – II, shall be
followed and maintained by the CONSULTANT / SECOND PARTY throughout the construction
period.

9. The CLIENT / FIRST PARTY understands that if any changes or additional works are necessary
during the course of construction, the CONSULTANT / SECOND PARTY will provide to the CLIENT /
FIRST PARTY, a change / variation order, and the CLIENT / FIRST PARTY will be responsible and pay
for the additional incurred costs and time due to agree upon changes and at the rates as may be
mutually agreed upon.

10. The CONSULTANT / SECOND PARTY shall take all necessary precautions and construction
safety measures for the safety of his working personnel and labour. The CONSULTANT will be
responsible and liable for any injury or accident if occurred on site to any of his working personnel
/ labour.

11. It shall be the duty and responsibility of the CONSULTANT / SECOND PARTY and his staff /
working personnel, not to make misuse of the premises of the CLIENT / FIRST PARTY which results
into civil or criminal liability to the CLIENT / FIRST PARTY. The CONSULTANT shall be responsible
for all the negligent acts of his staff / working personnel resulting into whether civil or criminal
liability, while on duty or at rest, at the premises of CLIENT / FIRST PARTY and shall indemnify the
CLIENT / FIRST PARTY for the loss/damage incurred to him due to such negligent act.

12. The Second party will provide a warranty of 10-year for structural work and 3-year warranty
for seepages in the structure. The second party is not responsible for any wear and tear
(intentionally or un-intentionally causing physical damage to the structure shall be considered
wear and tear, example - can include but not limited to nailing or drilling the wall, use of external
equipment, etc.) on the structure. The material/product warranty if any provided by the
supplier/vendor companies will be handed over to the client. The Second Party agrees to provide
necessary drills points / nail points for interior decor, wall hangings or for any other purpose upon
request from First Party / Client during the course of construction.

1. The CLIENT / FIRST PARTY and the CONSULTANT / SECOND PARTY agreed that they will first
attempt to resolve any disputes regarding this Agreement of Contract through mutual
consultation. However, if such consultations do not result in satisfaction to either party within
seven (7) days after one party has given notice to the other to commence such consultation, then
either party may refer the dispute to arbitration. Any dispute, controversy or claim arising out of
or relating to this Agreement of Contract, or breach, termination or invalidity thereof, shall be
4 of 7
 settled by arbitration in accordance with the arbitration and conciliation act 1996.

2. The arbitration award shall be final and binding on the parties. When any dispute occurs
and when any dispute is under arbitration, except for the matters under dispute the parties shall
continue to exercise their remaining obligations under this Agreement of Contract.

3. The terms of this contract and the clauses and subclauses thereof maybe altered or
amended in due course by mutual consent depending upon business requirement and suitability.

4. Agreement is subject to Hyderabad jurisdiction only.

Details

Size of the Plot 167 square yards

Total Built-up Area 2041.74 sft

Left out Area N/A

Price Per Square feet (sft) on ground floor 1118.90 sft x Rs 1715/- = Rs 19,19,091 /-

Price Per Square feet (sft) on Upper floors 922.84 sft x Rs 1575 = Rs 14,53,473 /-

E-monitoring and consultancy fees N/A

Total Cost Rs 33,72,564/-

• Quotation is given according to municipal drawings and Final mode of payment will be
settled according to slab measurements.
• While calculating total constructed area, outer to outer slab shall be considered without
• any deductions such as staircase high roof, open ducts or others.
• E-monitoring and Tracking
• The company shall assist and provide consultation to the owner, which in terms of designing
and construction and Ancillary services and also material procurement, masonry, scaffolding
5 of 7
 or centering, plumbing, electrical, financial transactions, finances, expense, accounts of
materials, interiors, defects and miscellaneous.

IN WITNESS WHEREOF, both the Parties herein have signed this Agreement of Construction
Contract with own freewill and consent on this day i.e., 18-01-2021 and in the presence of
the following witnesses:

CLIENT/ FIRST PARTY. CONSULTANT/ SECOND PARTY.

Mr. ACHYUTH BHARATH GUDA K. ROHAN VINAYAK REDDY [ Dir]

WITNESS
1.

2.

TIMESHELL CIVIL PROJECTS E-MONITORING CONSULTANCY PVT LTD.

[www. HOCOMOCO.in]

ANNEXURES

Annexure – I : Architectural drawings

Annexure – II : Construction & material specifications
Annexure– III : Schedule of payments
Annexure – IV : CONSULTANT’s scope of work
Annexure – V : Owner’s scope of work
Encl. : Quotation dated 18/01/2021

6 of 7
7 of 7