Common use of BUILDING AGREEMENT Clause in Contracts

BUILDING AGREEMENT. The Purchaser acknowledges that the Property is sold on a plot and plan basis and that simultaneously with the signing hereof he will enter into a building agreement with a building contractor. The Seller has appointed a preferred building contractor, TGP Construction (Pty) Ltd, for the construction of houses in the development which resulted in a lower than market related building price. Because this builder also builds other houses in the development he will be permanently on site and readily available for any queries and questions that the Purchaser may have during the construction phase. Although the Purchaser has a freedom of choice to appoint his own contractor he herewith acknowledges the convenience and economic benefit in appointing TGP Construction (Pty) Ltd as the building contractor.

BUILDING AGREEMENT. The Purchaser acknowledges that the Property is sold on a plot and plan basis and that simultaneously with the signing hereof he will enter into a building agreement with a building contractor. The Seller has appointed a preferred building contractor, TGP Construction Building (Pty) Ltd, for the construction of houses in the development which resulted in a lower than market related building price. Because this builder also builds other houses in the development he will be permanently on site and readily available for any queries and questions that the Purchaser may have during the construction phase. Although the Purchaser has a freedom of choice to appoint his own contractor he herewith acknowledges the convenience and economic benefit in appointing TGP Construction Building (Pty) Ltd as the building contractor.