-------------------------------------------------- DRAFT FOR ATTORNEY REVIEW ONLY This document is a structured preparation draft only. It does not constitute legal advice and must be reviewed by a qualified attorney before it is signed or acted upon. -------------------------------------------------- CONTRACTOR BID AGREEMENT — DRAFT FOR ATTORNEY REVIEW Document Ref: CBA-2026-001 Date of Preparation: June 1 2026 CONTRACTOR: BuildRight Construction Pvt Ltd Mumbai Maharashtra India License: MH-BUILD-4421 Email: [contractor email] CLIENT: Arjun Kapoor and Priya Kapoor Juhu Mumbai Maharashtra India Email: [client email] 1. RECITALS 1.1 BuildRight Construction Pvt Ltd is a licensed building contractor based in Mumbai with experience performing residential renovation and interior fitout works. 1.2 Arjun and Priya Kapoor are the owners of a 3BHK apartment in Juhu Mumbai who wish to commission a complete interior renovation of their property. 1.3 Both parties confirm their mutual intent to document the terms of this bid through this agreement. 2. DEFINITIONS 2.1 Contractor: BuildRight Construction Pvt Ltd. 2.2 Client: Arjun Kapoor and Priya Kapoor jointly. 2.3 Project: The interior renovation of the 3BHK apartment at Juhu Mumbai as described in Section 3. 2.4 Bid Price: INR 14,50,000 being the total lump sum price for the Scope of Work described in Section 4. 2.5 Bid Validity Period: 60 days from the date of this agreement. 2.6 Provisional Sum: INR 1,00,000 set aside for client-selected bathroom fixtures as described in Section 6. 2.7 Exclusion: Any item listed in Section 7 that is not included in the Bid Price. 2.8 Effective Date: The date on which both parties sign this agreement. 3. PROJECT DESCRIPTION AND SITE 3.1 The Project is a complete interior renovation of a 3-bedroom 2-bathroom apartment located in Juhu Mumbai Maharashtra India. 3.2 Works include the kitchen renovation, both bathroom renovations, replacement flooring throughout, and full repainting of all walls and ceilings. 3.3 BuildRight Construction Pvt Ltd has reviewed the apartment and the client brief before preparing this bid. 4. SCOPE OF WORK 4.1 The following works are included in this bid: 1. Complete kitchen demolition and renovation including wall and floor tiling, plumbing connections, and electrical points. 2. Renovation of both bathrooms including waterproofing, tiling, and installation of client-selected fixtures within the provisional sum. 3. Removal of existing flooring and supply and installation of new flooring throughout all rooms in agreed specification. 4. Painting of all internal walls and ceilings throughout the apartment in agreed colours. 4.2 All works will be performed in a proper and workmanlike manner consistent with applicable residential building standards. 5. BID PRICE AND PAYMENT TERMS 5.1 Total Bid Price: INR 14,50,000 lump sum inclusive of all labor, materials, and overhead required to complete the agreed Scope of Work excluding items listed in Section 7. 5.2 Payment schedule: 1. INR 2,90,000 deposit on signing formal contract (20 percent). 2. INR 4,35,000 on demolition and substrate preparation complete. 3. INR 4,35,000 on tiling and joinery complete. 4. INR 2,90,000 on practical completion. 5.3 Each payment is due within 30 days of the milestone being confirmed in writing. 6. PROVISIONAL SUMS 6.1 This bid includes a provisional sum of INR 1,00,000 for client-selected bathroom fixtures including sanitaryware and tapware for both bathrooms. 6.2 If the actual cost of selected fixtures exceeds INR 1,00,000 the difference will be treated as a variation. If the actual cost is less, the saving will be credited to the Client. 7. EXCLUSIONS FROM THIS BID The following items are explicitly excluded from this bid and the Bid Price: 1. Supply of any kitchen appliances. 2. Supply of modular kitchen cabinetry and countertops. 3. Supply of any furniture or soft furnishings. 4. Any structural works or wall removal. 5. False ceiling works. 6. Any works not listed in Section 4. 8. BID CONDITIONS 8.1 This bid is subject to the following conditions: 1. Clear and unobstructed site access from July 1 2026 throughout the renovation period. 2. Client selection of all tiles, flooring, and fixtures by July 10 2026 to avoid program delays. 3. Material costs are based on current market prices at June 1 2026 and may be subject to revision if the project start is delayed beyond July 15 2026. 9. BID VALIDITY PERIOD 9.1 This bid is open for acceptance by Arjun and Priya Kapoor for a period of 60 days from June 1 2026, expiring on July 31 2026. 9.2 BuildRight Construction Pvt Ltd reserves the right to withdraw this bid before acceptance by written notice. 9.3 If material changes to the scope or site conditions are identified before acceptance, the Bid Price may be revised by written notice. 10. ACCEPTANCE AND PROGRAM 10.1 Acceptance of this bid must be in writing signed by Arjun and Priya Kapoor. 10.2 Acceptance obliges both parties to execute a formal written construction contract within 14 days. 10.3 No works will commence until a formal written contract is executed. 10.4 Proposed program: Start July 15 2026, practical completion approximately 120 days from commencement. 11. CONTRACTOR LICENSE AND INSURANCE 11.1 BuildRight Construction Pvt Ltd holds and will maintain license MH-BUILD-4421 throughout the project period. 11.2 BuildRight Construction Pvt Ltd maintains public liability and workmen's compensation insurance appropriate for this scope of works. 12. VARIATIONS 12.1 Any changes to the agreed Scope of Work constitute a variation requiring written agreement before additional work begins. 12.2 Variations will be priced at rates consistent with this bid plus a 15 percent margin for overhead. 13. CONFIDENTIALITY 13.1 Both parties agree to keep the Bid Price and pricing breakdown strictly confidential. 14. GOVERNING LAW AND DISPUTES 14.1 Laws of Maharashtra India govern this agreement. 14.2 Disputes will first be addressed through direct good-faith negotiation. If unsuccessful, disputes may be referred to the Mumbai Consumer Disputes Redressal Commission. SIGNATURE BLOCK: Note: Both parties should have this agreement reviewed by a qualified attorney before signing. A formal construction contract must be executed before any works commence. BuildRight Construction Pvt Ltd License: MH-BUILD-4421 Signature: ________________ Name: ____________________ Title: ___________________ Date: ____________________ Arjun Kapoor (Client) Signature: ________________ Date: ____________________ Priya Kapoor (Client) Signature: ________________ Date: ____________________ -------------------------------------------------- This Contractor Bid Agreement draft was generated by an AI drafting tool as a structured preparation and documentation aid only. It does not constitute legal advice. Always have this document reviewed by a qualified attorney before either party signs or acts upon it. --------------------------------------------------