The contractor is expected to mobilise and start the project as soon as the Contract Agreement is signed.
Sometimes, contractors ask for money upfront. This is called mobilization and the amount required varies. It is not mandatory that the client should provide the contractor with money upfront. A good contractor should be able to approach a financial institution and obtain an overdraft to
commence the project. Sometimes the contractors funds for mobilisation. If it contract, they might get only 5 percent. material, they might get 10 percent. But free loan to jump-start the project.
client may give is a labour only If it is labor and this is an interest
During the course of construction of the project, that loan should be deducted from fees payable to the contractor.
It is essential that the contractor has insurance. Insurance is important because it provides protection in the event of death and other eventualities. It is also necessary for the client to have insurance, since the bank will require it for the project.
It is useful to have a Project Supervisor while construction
who could visit the site reviewing the project. In
from time to the Contract
time to assist with Agreement with the