PAYMENT CONDITION

• Service Provider will accept payment in The Form of Cash, Cheque or Any Digital Modes as Agreed. All Payments Below Are Any Taxes and Fees and will be made due Upon the Completion of This Interior Design Contract. Clients will pay Designer for the following services:
• 10% Advance Payment
• 50% Before Plywood Unloading
• 25% Before Laminate Unloading
• 15% Before Paint Work
• Any Delay in Payment, This Interior Design Contract Completion Will Be Considered Late. In the event, the Client fails to make the payment within the specified time then the designer can stop work on site until the payment is made.

PENALTIES

Penalties will be applicable as follows:



• Penalty will be applicable only after the 15th day from the committed date of handover.
• Penalty per day for every day, beyond committed move-in* date (T0+120 days), is 0.075% of the total Project Value.
• e.g., Start of Work (T0) is 25 Jan 2024 and Move in Date (T0 + 120 days) is 25 May 2024.
• Prior Project Value (net offer/ discount): INR 10,00,000/-. In this case, a penalty of INR 375 (0.075% of INR 5,00,000/-) per day will be applicable in case of delay beyond May 2024.
• The maximum delay penalty payable cannot exceed 3% of the total project value.
• Functional: The snags existing will not disallow a person from living in the premises.
• *Move-in definition: A project is considered ready to move-in if the kitchen, living, bed and bathrooms are functional. In projects with minor snags (such as replacement of a part or whole of a functional unit, delayed supply of a free-standing unit/ product, snags in false ceiling/ finishing/ electrical works etc.), the home is still considered ready to move-in as long as the snags do not affect the functionality of the home.

Penalties will not be applicable when:



• In case there are any design changes / modifications after communication of date of move-in to the customer, this includes change in scope, addition of scope, reduction of scope, material changes, finish changes, aesthetic changes, functional changes, or any other changes that may result in a delay in the manufacturing, procurement or execution at site.
• In cases where the project involves scope of work handled by the customer, then the duration of execution of the customer’s scope of work will be taken into consideration to estimate the move-in date. This duration will be calculated after understanding from the customer the total number of days they require completing their scope of work. Should the delay stem from the customer’s scope of work overshooting the budgeted days, or, any changes in the schedule of the customer’s scope of work, move-in date will be re-estimated and any delay penalty will be computed from the revised date.
• Delay in access to the site, which results in delay in execution by Yashi Interior Exterior or its partner scope of work. It is assumed that society will not allow work on Sunday’s and noisy work will not be allowed between 2-4 PM.
• Unavailability of consistent, uninterrupted power or water supply to the site during the execution phase will result in Delay Penalty not being applicable.
• In case of non-payment by the customer or partial payment or any delay in payments as per the payment milestones, Yashi Interior Exterior will not be held responsible for delays beyond the move-in date, and, hence, Delay Penalty will not be applicable.