A piecework agreement is when the only sentence is agreed without reference to the total amount of work or time, which involves the payment of the work done at the fixed rate. In the case of work worth up to Rs 10,000. the cost of the equipment can be carried out by piecework. The construction costs of the project are determined in the same way as the flat rate or item contract. The bidder then works on the project`s financing costs and toll recovery until the construction costs are fully recovered with the cost of the financing. A pricing schedule is also made available to the contractor to develop the costs of additional items or omissions. in these types of engineering contracts generally a “comprehensive” contract and as such, no payment can be recovered by the contractor until all the work is done. If the contractor abandons the work before it is completed, he is not entitled to pay for the part of the work already done, however important it may be. The P. W. agreement contains only descriptions of the various work to be done and the rate to be paid, but does not contain the quantities of the various work to be done and the rate to be paid, but not the quantities of the different items to be performed or the date on which the work is to be completed. However, the detailed specifications of the various work to be done are included in the P.W. The agreement and the total cost of the work to be done are also mentioned.
The entire contractor for a unit of an item contains material, work. General expenses and profits. This contract is more important if the quality of the work, but not the exact quantities of the items to be exported, is known in advance. Important public employment contract, if this form of contract, P.W. contracts are not contracts in the literal sense of the word, there is no punitive clause and no security money, and the service can work at any time they like, but a message that must be served on the termination date to the part worker. Separate agencies may also be responsible for carrying out the work if the contractor does not perform the work satisfactorily according to specifications, or delays work or renders the work incomplete or uses defective materials. In this system, the contractor is paid the actual cost of the work plus one% agreed to allow the benefit. Contractor arranges materials and work at his own expense and keeps the bill correct and he is paid by the department or owner of the total cost with a certain percentage, we say 10% as his profit, as agreed in advance, An agreement is prepared in advance with all the terms of the contract.
Everything in the contract is now considered a rate, but first considered because in it the owner ceases to be the promoter of the project and delegates a large company or consortium to carry out both the design and the construction.