Terms & Conditions

Please read these terms carefully before using our construction services. These terms govern your relationship with Sree Narayana Construction Co.

Last Updated: January 1, 2024

Important Notice

These Terms and Conditions form the basis of our professional relationship. By engaging our services, you agree to these terms. For specific project terms, please refer to your individual project agreement.

1

Acceptance of Terms

By accessing and using Sree Narayana Construction's services, you acknowledge that you have read, understood, and agree to be bound by these Terms and Conditions. These terms constitute a legally binding agreement between you and Sree Narayana Construction Co.

2

Services Description

Sree Narayana Construction provides comprehensive construction services including residential, commercial, and industrial construction, renovation projects, architectural design, and project management. All services are subject to availability and specific project requirements.

3

Project Agreements

All construction projects require a formal written agreement detailing project scope, timelines, payment terms, and deliverables. Verbal agreements are not binding until formalized in writing and signed by authorized representatives of both parties.

4

Payment Terms

Payments are structured in milestones as outlined in individual project agreements. Initial deposits are required to commence work. Late payments may result in project delays and additional charges. All prices are in Indian Rupees (₹) and inclusive of applicable taxes.

Payment Schedule Example:
  • Initial DepositUpon project commencement
    20%
  • Foundation CompleteAfter foundation work
    25%
  • Structure CompleteAfter structural completion
    30%
  • Finishing WorkDuring finishing stage
    20%
  • Final PaymentUpon project handover
    5%
5

Project Timelines

Project timelines are estimates based on current workload and project complexity. While we strive to meet deadlines, factors beyond our control (weather, material availability, regulatory approvals) may affect schedules. We commit to regular communication regarding any timeline changes.

6

Quality Assurance

We maintain strict quality control standards. All construction materials meet industry standards and specifications outlined in project agreements. We provide warranties as specified in individual project contracts.

Structural Warranty

10 years on structural elements

Finishing Warranty

2 years on finishing work

7

Changes and Modifications

Any changes to project scope must be requested in writing and approved by both parties. Additional costs or timeline adjustments resulting from changes will be communicated and agreed upon before implementation.

8

Intellectual Property

All architectural designs, plans, and project documentation remain the intellectual property of Sree Narayana Construction until full payment is received. Upon completion, limited usage rights are transferred to the client for the specific project only.

9

Limitation of Liability

Our liability is limited to the value of the project contract. We are not liable for indirect, incidental, or consequential damages. All claims must be made within the warranty period specified in the project agreement.

10

Termination

Either party may terminate a project agreement with written notice. Termination fees and settlement for work completed will be calculated as outlined in the original agreement. Materials purchased for the project remain our property until full payment.

11

Governing Law

These Terms and Conditions are governed by and construed in accordance with the laws of India. Any disputes shall be subject to the exclusive jurisdiction of the courts in Mumbai, Maharashtra.

12

Updates to Terms

We reserve the right to modify these Terms and Conditions at any time. Updated terms will be posted on our website with the effective date. Continued use of our services constitutes acceptance of updated terms.

Acceptance of Terms

For Sree Narayana Construction

Authorized Signatory

For Client

Project Agreement Signatory

By proceeding with our services, you acknowledge acceptance of these terms.