PROJECT AGREEMENT
BETWEEN
B – TECH INDUSTRY CO., LTD.
AND
ATIWAT KONLAKARN ORDINARY PARTNERSHIP
1 December 2016
Made at B-Tech Industry Co.,Ltd.
268, Moo 5, Tambon kampangpech,
Amphur Rattaphum, Songhla
90180 Thailand
This agreement made this day of 1 December 2016 between B-Tech Industry Co.,Ltd by Mr. Ng say tee located at 268, Moo 5, Tambon kampangpech, Amphur Rattaphum, Songhla ( hereinafter referred to as Employer ) and Atiwat konlakarn ordinary partnership by Mr. Sumet Junpitak located at 56 Kanchanavanich, Tambon Hatyai, Amphur Hatyai, Songkhla ( hereinafter referred to as Employee )
WHEREAS, the Employee is engaged in the construction of Roofing complete with concrete structure and three units 500 ton latex tank. The Employee agreed to carry out the work and the Employer agreed to pay under the condition in this agreement.
NOW, THEREFORE, it is agreed as below
1. LOCATION OF PROJECT
The project is located at 268, Moo 5, Tambon Kampangpech, Amphur Rattaphum, Songkhla, 90180.
2. CONSTRUCTURE DOCUMENT
The work shall be carry out, completed and maintained by the Employee in accordance with the terms and condition stipulated and the design drawing ( 9 sheets ) which are attached hereto made an integral part of AGREEMENT.
3. CONSTRUCTURE PERIOD
The Employee shall commence the work on 1 December 2016 and completed within 100 working days after the date commencement and will finish the work on 23 May 2005.
4. CONTRACT AMOUNT
Contract amount shall be Baht ( ) excluding VAT 7% shown in the attached quotation.
5. SCOPE OF WORK
The Employee shall carry out all the work as the quotation attached and the employer shall supply the electricity and working place to the Employee during the construction period.
If the Employer agree to start the work only for some part, the remainder shall be agreed within one month after the date of agreement. In accordance with the agreement amount may be changed by the rate of construction material in Thailand at the present date and the amount should be accepted by the Employer and the Employee.
6. MODE OF PAYMENT
- INCLUDED LADDER ANN WALKWAY ( BETWEEN TANK )
PAYMENT TERM
1st payment : 10% DOWN PAYMENT
2nd payment : 20% MATERIAL ONSIDE
3rd payment : 20% UPON INSTALLATION
4th payment : 20% UPON COMMISSIONING
5th payment : 10% 30 DAYS AFTER COMMISSIONING
6th payment : 10% 60 DAYS AFTER COMMISSIONING
7th payment : 10% 90 DAYS AFTER COMMISSIONING
- MAKING NEWBST FOUNDATION AND BUILDING
PAYMENT TERM
1st payment : 10% DOWN PAYMENT
2nd payment : 20% MATERIAL ONSIDE
3rd payment : 20% UPON INSTALLATION
4th payment : 20% UPON COMMISSIONING
5th payment : 10% 30 DAYS AFTER COMMISSIONING
6th payment : 10% 60 DAYS AFTER COMMISSIONING
7th payment : 10% 90 DAYS AFTER COMMISSIONING
7. TAX AND DUTY
Any tax and duty such 3% holding tax shout pay additional by the Employer. Any tax and duty is excluding from the contract amount.
8. INTEREST CHARGE FOR THE DELAY IN PAYMENT
The Employer shall pay for the work as mentioned in the agreement or as the letter of submit or invoice which the Employee will send to the Employer when finished the work as in the payment term Article 6. The payment shall be made within seven days after the date of consignment. Otherwise the Employer shall pay for the interest charge for delay in payment at the rate of 15% per year until completion of payment have been made.
IN WITNESS WHEREOF , both parties hereto have executed this AGREEMENT by their duly authorized representatives as of the date first above written and each party retains one copy respectively.
Signature…………………………… Signature……………………………
Signature…………………………… Signature……………………………
Quotation
To : B-Tech Industry Co.,Ltd Ref No :
Attn : Date : 01/12/2016
Re : Summary for storage tank and roofing
Item Description Material Labour Total
1 Roofing and foundation
2 3 units storage tank 500 ton and foundation
Total
Discount
7% VAT
Grand total