Page 14 - BROCHURE 3BR Villa Otto Jl. JANTUK ANGSA

QUALITY, CONTRACTS & AGREEMENTS

Technical directives Designs Changes
All construction is following NEC3 agreement All designs are ™ Cargo Creatives and shaped by Any addition or modification in currently agreed
standards our in-house designers and architects, copies of plan must be pre discussed and agreed by both
working drawings, electrical plan and technical Parties, and subsequent cost incurred by the
Environment material list will be given to buyer time of changes shall be borne by the buyer
Materials used and procedures include laws completion
and policies addressing water and air
pollution, chemical and oil spills, smog, Purchase amount and fees Force Majeure
drinking water quality, land conservation and Agreed upon purchase amount is Rp... consists Critical delays caused by any party other than
management, and wildlife protection, such as of a deposit 10% (non-refundable) and Force Majeure, (heavy rain considered as
the protection of endangered species. structural down payment 25%, 20%, 20% Non-compensable claims) injury, death or loss, legal
20%, 5% throughout constructional matter affecting the CPM, the project completion
General progression. Notary fees are paid by the buyer date will be subject to compensation rate 1% per
This description should be considered in (1%), Buyer can appoint week of delay of total amount stated in section
conjunction of floor plans and specifications. Administrator/Notary/legal advisor to assent “Purchase amount and fees”
Finishes, fixes & textures will be found in and lead due diligence efforts.
specifications regarding flooring, walls, Total purchase amount includes architectural- Arbitration
roofing and interior. Structure is made of engineering and construction costs, IMB license, Any such dispute that cannot be resolved within 30
reinforced concrete and steel beams/ceilings affiliations electricity and water supply (thirty) days after the matter in dispute has been
of aluminium frames, panels and gypsum. installations. brought by one Party to the attention of the other
Ceiling height is minimum 335cm (technical Purchase amount (95%) must be paid into Party should, at the election of either Party, be
floor plans). Tempered glass is used for sellers client account before hand over of keys resolved by arbitration in the Indonesian language
windows accordingly to working drawings. in following manner (above mentioned payment under BANI (Indonesian Arbitration Body) Rules.
Downlights and spotlight are used as primarily structure): Both Parties are entitled to make written
light source (electrical planning) submissions to the arbitrator so appointed upon the
subject matter of the dispute. The decision of BANI
Parking & Entrance Deposit, Signing ITL, NEC3 Rp shall be final, binding and incontestable and may be
Pavers used is paver-blocks, grey/red. 1st Payment, Clear Due Diligence Rp used as a basis for judgment thereon in Indonesia
or elsewhere.
Electrical socket will be installed & lightning 2nd Payment Rp
Gate structure - hollow steel frame, wooden 3rd Payment Rp ETA
covers, integrated door/agreed upon 4th Payment Rp Constructional substantial completion 10 months
Final Payment, 3 months completion Rp after 1st payment, buyer providing
Locks & Keys certificate/punch list of substantial completion,
We ensure every lock will only work with the Final completion within a reasonable period of time,
final key (the site supervisors key to make Completion ETA 11 months.
sure his key no longer works). All the locks, The making of final payment shall constitute a
and keys work properly. waiver of all claims by the first party except Signatures
those arising from (1) unsettled claims, (2)
Agreement/Object faulty or defective Work appearing after This agreement is made in 2 (two) copies with
The Villa unit will be hand over accordingly, Substantial Completion, (3) failure of the Work sufficient stamp duty, signed by the parties in a
master land certificate number and/or master to comply with the requirements of the scope of conscious, physically and mentally healthy
leasehold agreement, transfer of leasehold work, or (4) terms of any special guarantees condition and without coercion from any party.
agreement, working drawings, floor plans, required by the scope of work. The acceptance
material list and electrical planning, of final payment shall constitute a waiver of all

Building License claims by the second party except those
previously made in writing and still unsettled.
All buildings constructed by Cargo Creatives
5% - in amount Rp… is paid to sellers client
comes with a IMB License. Holding an IMB
means that you are permitted to build a account 3 months after construction
property for your Airbnb villa rental. completion/handover of keys