Contract Terms

Section 1ARTICLES OF AGREEMENTARTICLES OF AGREEMENT MADE ON THE __________ day of ______________________ 2013. Between _________________________ (hereinafter called “The Owner”) of the one part and _____________________________ of (or whose office is situated at) ____________________ _____________________ (hereinafter called “The Builder”) of the other part.

WHEREAS the owner is desirous of having a house and its supporting infrastructure (hereinafter called Works) constructed in accordance with the drawings and specifications approved by the Municipality and in accordance with the General Information at the Section 2 and the General Conditions of Contract at Section 3. AND WHEREAS the Builder has submitted his offer dated _____ day of _______________ 2013. Offering to complete and maintain the Works upon the said conditions and in acconrdance with the Drawings and Specifications. AND WHEREAS the Owner has accepted the Builder’s offer conveyed in the said tender.

NOW IT IS HEREBY AGREED AS FOLLOWS:1. For the consideration hereinafter mentioned, the Builder shall complete the Works subjected to the said Conditions of Contract and in accordance with the Drawings and Specifications. 2. The total cost for construction of the outer building is as per approved is 165,000.00. 3. The Owner will pay the Builder the sum of 25% deposit 41,250.00, and the other 25% after complete 50% of the construction and then the last 50% after complete of the project.

IN WITNESS hereof has signed in the presence of the subscribing witness.

Signed for and on behalf of the Owner by:_____________________________________________________________________________ SIGNATURE OF OWNER OR AGENT

In the presence of:______________________________________________________________________________ WITNESS

______________________________________________________________________________ SIGNATURE OF THE BUILDER

In presence of:______________________________________________________________________________ WITNESS

Date: _________________________________________________________________________

Section 2GENERAL INFORMATION1. This draft of a contract between the Owner and the Builder is intendedto be used for the construction of a small house which are within the scope of the Building Guidelines. Building outside the scope of the Building Guidelines is more complicated and any agreement between the Owner and the Builder should be made using the standard agreements drafted by the major architectural and engineering institutions of the Namibia.

2. A standard contract for the construction of a house will contain drawings and specifications as approved by the Board. General Conditions for the execution of the Works which include the house itself and the exterior works such as the septic tank, drainage, water cistern, access roads and landscaping where required.

3. This draft assumes: A person (the Owner) who wh4.3.