Construction Agreement For MGL (Acosta Et Al)
Construction Agreement For MGL (Acosta Et Al)
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ARTICLE I
CONTRACT DOCUMENTS
The following documents shall constitute integral parts of this
Agreement, as fully as if the contents of the said documents are
reproduced, incorporated and set forth herein and shall govern and control
in full force and effect the right and obligation of the parties, except as the
otherwise modified by terms and conditions by this Agreement, or by
mutual agreement in writing by both parties, to wit:
1.1Bill of Quantities and Detailed Price Analysis;
1.2Technical Specifications, Plans and Drawing;
1.3Project Organization Chart;
ARTICLE II
SUB-CONTRACTORS SCOPE OF WORK
2.1
ARTICLE III
TERMS OF PROCEDURE AND MANNER OF PAYMENT
3.1
All parties herein shall observe the following procedure and manner
of payment, in toto:
3.1.1 The CONTRACTOR will process the beneficiaries who are
approved by CEHC and pre-qualified to acquire a housing
loan by the Pag-IBIG or other financial institutions;
3.1.2 Loan documents will be prepared, collated and pre-approved;
3.1.3 Upon determination of the certainty of the eligibility of the
Buyer, a Notice To Proceed for the construction of the subject
unit shall be submitted to the SUB-CONTRACTOR,
3.1.4 Construction proper will ensue as per herein guidelines;
3.1.5 Upon completion of the loan processing, Loan Approval and
Letter of Guarantee will be released by the financing
institution;
3.1.6 Compliance on the conditions of Letter of Guarantee such as
transfer and registration Transfer of Certificate of Title in the
name of the Buyer, annotation of Mortgage and other relative
procedures;
3.1.7 Take-out and release of check payments;
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5.2
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ARTICLE VI
PROJECT COST
6.1
6.2
6.3
7.1
7.2
7.3
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ARTICLE VIII
EXTENSION OF CONTRACT TIME
8.1
10.1
The parties, likewise, hereby agree that the employees of the SUBCONTRACTOR are not employees of the CONTRACTOR and shall not
in any way liable and/or responsible for the wages of such
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Provide the project site and ensure that the property will have no
legal problems during the implementation of this undertaking;
11.2
Review,
evaluate
and
approve/disapprove
proposals
and
recommendations submitted by the SUB-CONTRACTOR as required
herein;
11.3
11.4
11.5
12.1
12.2
12.3
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ARTICLE XIII
RESPONSIBILITIES OF CONTRACTOR
13.1
Supervise
and
execute
works
which
shall
include
monitoring/ensuring
compliance
to
the
approved
plans,
specifications and schedule of
construction activities being
undertaken by the SUB-CONTRACTOR;
13.4
Provide area necessary for the establishment of SUBCONTRACTORs bankhouses at the vicinity of the Project site
through coordination with the CLSU administration;
ARTICLE XIV
INSPECTION OF CONTRACT WORKSTATION
14.1 The proponents, CONTRACTOR and SUB-CONTRACTOR or their
representatives shall make inspection of the contract work while
such contract work is in progress to ascertain that the completed
works comply in all respect, with the standards and requirements set
forth by the Contract and the concerned financing institution.
Notwithstanding such inspection, the SUB-CONTRACTOR shall be
held responsible for the acceptability of the finished works. The SUBCONTRACTOR shall promptly replace all materials and correct all
works determined by the said financing institution as failing to meet
the said requirements, at the SUB-CONTRACTORS own expense;
ARTICLE XV
ASSIGNMENT AND SUBCONTRACT
15.1
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17.1
17.2
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17.3
18.1
19.1
20.1
21.1
6.4
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22.1
22.2
22.3
22.4
22.5
This Agreement shall take effect upon signing on the date first indicated
above and shall continue to be effective until all obligations herein set
forth have been complied with both parties.
IN WITNESS WHEREOF, the parties have hereunto affixed their
signature, here at ___________________, this ______________ day of
________________,
MG LACSAMANA REALTY
& DEVELOPMENT , CORP.
CONTRACTOR
MANUEL LAC SAMANA
ACOSTA
President
CONTRACTOR
WILLIAM A. FELARCA
SUB-CONTRACTOR
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JANELOR R.
SUB-
_______________________________
ACKNOWLEDGEMENT
BEFORE
ME,
a
Notary
Public,
this
_____
_________________2016, personally appeared the following:
Name
Manuel Lacsamana
William Felarca
Janelor Acosta
_____________________
day
of
Date/Place Issued
____________________
____________________
__________
Who are the same persons who executed the foregoing instrument and
acknowledged to me that the same are their free and voluntary acts and
deeds.
The foregoing instrument refers to the Construction Agreement and
consisting of ten (10) pages, including this page on which this
acknowledgement is written, duly signed by the Parties and their
instrumental witnesses on each and every page hereof, and sealed with
my notarial seal.
WITNESS MY HAND AND OFFICIAL SEAL.
Doc. No.___________;
Page No.___________;
Book No.__________;
Series of 2016
__________________________
Notary Public
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