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MILLBRIDGE PROPERTIES LTD
STANDARD FORM OF CONTRACT
For the purpose of this contact, the "Employer'' is the client who
employs the contractor for works to be carried out; in this shall be the owner
of the property and/or the insured in conjunction with the insurance company
and or Helpline.
The ''contractor" shall be Millbridge Properties Ltd
THE WORKS
General
The works will either be day-works, estimated
works or a mixture of both.
Day works
Labour in day-works will be charged at our hourly
charge out rate current at the time of the works for the particular operative(s)
that may be employed for the works required. These charges may also include
either a "call out" charge to cover our expenses in transporting the
operative to the place of work or traveling time in the hours booked. These
hours may also include any time booked for collecting materials; plant,
equipment for the works.
Materials in Day works will be charged out at our current retail price
or at our buying price plus 15% whichever Is the highest,
Plant and equipment in
day works will be charged out at hired in cost plus 15%.
Estimated Works.
These will be charged as per estimate except when the cost of the works
exceeds our net! costs including overhead expenses, in which case the works
will be charged at our nett cost plus overhead expense with no addition for
profit.
Tax
Any tax costs e.g. vat will be recoverable from
the employer in full
Provisional Sums
Provisional sums within an estimate are a provisional figure for works
that we have not quantified or for items that
may or may not be required.
On accounting, the provisional sum will be deducted from the estimated
figure, and the works carried out which are listed as "provisional" will be charged out at our current
day/work rates see section above.
Prime cost sums
Prime cost sums are an allowance made for material products that may be
required for the clients later choosing as works proceed. On invoicing, the prime cost sum
allowed will be deducted from our estimated cost, and the appropriate charge
for the goods will be inserted in lieu based on materials in day works (see
section above).
Supervision
The contractor will supervise the works unless otherwise instructed by
the employer, when an Architect, Surveyor or Structural Engineer will be appointed by the client to supervise the
work at the client's expense.
EXTRA WORKS
All instructions issued by the employer, his servant, architect,
surveyor or structural engineer to the contractor regarding works extra to those estimated will be costed, amended and
accounted in or before the final account as a day works, Any
deletions to the estimated work will be subject to a full or percentage credit
in the final account subject to the cost of omitting those works.
PAYMENT
In some cases an initial payment of up to 50% of the estimated cost may
be required on acceptance of the employers order. Interim account invoices may be issued every 14 days based on the value
of the work done. The employer must pay interim account invoices within 5 working days. On final accounting,
payment is due within 5 working days. If the employer does not meet these terms, the contractor may cease work
until all payments have been made in full and interest at 2.5% per month may be added to the amount outstanding
plus collection costs. In the event of non payment of ail or part of the final account either 2.5% interest per
month or interest at the current Lloyds Bank base rate plus 4% will be added whichever is the higher, plus collection
cost.
DEFAULT
Materials or works do not become the property of the client until all
the work and materials are paid for in full. This shall apply whether the
materials are fixed or unfixed
In the event of serious default by the client/owner, or client owner's
insurance company or insurance company Helpline in making payment, the
materials at the discretion of the contractor may be removed from site. Any
labour cost involved in the initial supply and/or fixing of the repossessed
materials will remain due from the client, as any toss in value or loss
incurred by return of such materials to the supplier. These costs will be
accounted to the employer along with any other costs in the repossession of the
same should this be necessary.
It is agreed that where the order for works is given by an insurance company
or insurance company Help-line, the insured and or the owner of the property
will be the jointly the client with the insurance company, our invoice for
works will be due for payment by the insured/owner of the property on which the
works have been carried should the insurance company or it's Help-line default
in making payment. A serious default is considered to be within 10 days of
due date.