The Owner Contractor Agreement is a fundamental document in Singapore's construction industry, essential for any construction, renovation, or development project. It provides a legally binding framework that protects both the owner's and contractor's interests while ensuring compliance with Singapore's building codes and regulations. This agreement is particularly important as it defines project scope, payment terms, timelines, and quality standards, while incorporating requirements from the Building and Construction Authority (BCA) and relevant Singapore legislation. It's designed to prevent disputes through clear delineation of responsibilities and includes mechanisms for handling variations, delays, and dispute resolution.
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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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