Financial Proposal and Agreement

FINANCIAL PROPOSAL AND AGREEMENT
FOR
BASIC BUILDERS LTD.
The financial proposal is made in Dhaka on …..the Day of ………………………………., ………………..
Between
Studio Dhaka Architects, an architectural, structural and electro-mechanical consultancy under the
company act, 2004 and having Registered Office at 44 Rabindra Sharani, Sector 07, Uttara model Town,
Dhaka-1230.
And
Engr. Abdul Latif, Managing Director, Basic Builders Ltd, House- 01, Road 23/A, Gulshan-1, Dhaka,
Bangladesh.
Whereas, Studio Dhaka Architects is firm of Architects and Engineer licensed in Bangladesh and its
Principal Architect and is authorized by RAJUK is appointed to design and supervise any project awarded
to Studio Dhaka Architects by Basic Builders Ltd.
Now This Agreement Witness That
In consideration of the consultancy fee to be paid by Engr. Abdul Latif, Managing Director of Basic
Builders Ltd as here in below provided and upon Studio Dhaka Architects agreeing to perform the
activities assigned to him under this agreement for the successful completion as Restaurant Design
Consultant, Studio Dhaka Architects shall provide the following deliverables, categorized in stages to be
fulfilled by Studio Dhaka architects.
I. SCOPE
Studio Dhaka Architects | Financial Proposal & Agreement 1

Scope of services provided by Studio Dhaka Architects in the following stages:
Stage 01- Concept Design
a) Shared Project Leadership with other Engineering Consultants.

b) Design Leadership.
c) Development of the Program with understanding the Client’s point.
d) Site Survey.
Stage 02- Schematic Design
a) Proposal of Consultancy Fees.

b) Schematic Design Development with feedback.
c) Presentation of the Schematic Design.
Stage 03- Design Development and Finalization
a) Incorporated Owner’s comments.

b) Approval from Client.
c) Final Design Submission.
Stage 04- Construction Documents
a) Develop working drawings.

b) Submission of final design to project manager.
Stage 05- Co-ordination & Supervision
a) Develop working drawings.

b) Submission of final design to project manager.
Every stage will be submitted by Studio Dhaka Architects by maintaining project schedule. Further work
will be charged by Studio Dhaka Architects if it is required by owner.
II. Initial Payment
Owner shall pay to Studio Dhaka Architects prior to the start of any Studio Dhaka Architects services as
“INITIAL PAYMENT” of BDT………………………………..(……………………………………………………………..) net. It shall
be credited to Studio Dhaka Architects account as final payment.
Account Info:

AC No.: 24 1137156 01
Account Name: Tarek MD. Saidul Islam
Brunch: Gulshan
Standard Chartered Bank, Bangladesh.
III. CONSULTANCY
Proposed consultancy fee is based on rate/sft basis.
CONSULTANCY CATAGORY CONSULTANCY FEE

Architectural Consultancy BDT 20.00
Structural Consultancy BDT 10.00
Electrical, Mechanical and Plumbing Consultancy BDT 5.00
*The proposed fee is negotiable with the consultation of respected client.
Consultancy fee will be provided by owner stage by stage by following method.
Stage 01- Concept Design 10% of the Total Consultancy Fee
Stage 02- Schematic Design 10% of the Total Consultancy Fee
Stage 03- Design Development and Finalization 30% of the Total Consultancy Fee
Stage 04- Construction Documents 30% of the Total Consultancy Fee
Stage 05- Co-ordination & Supervision 20% of the Total Consultancy Fee
The payment will be cleared after finishing every stage. Next stage will commence after clearing the due
payment.
Work beyond these stages will be charged separately by separate agreement between Basic Builders
Ltd and Studio Dhaka Architects.
IV. TAXES AND DUTIES

All Taxes, fees or duties that may be payable by, designated or levied on or against Studio Dhaka
Architects by any local authority by or through the Government of Bangladesh, based on this
Agreement, and/or any services or product provided hereunder, will be paid by Basic Builders Ltd or its
personnel, and are in addition to the Consultancy Fee and initial Fee paid by Basic Builders Ltd himself.
V. PAYMENT
All payments due Studio Dhaka Architects shall be made on the dates indicated in the Billing Schedule.
Studio Dhaka Architects reserves its right to suspend all services and shall not be responsible for any
damages associated with such suspension, if any portion of a payment is not paid within the time frame
indicated.
VI. DELIVERABLES
a) Any deliverables not specifically mentioned above but which may be required at a later stage to
be provided by Studio Dhaka Architects after successful completion of the said project may be
provided by Studio Dhaka Architects, as an Additional service, within a time frame agreed upon
by both parties.
b) If the deliverables provided by Studio Dhaka Architects require changes or modifications, not
attributed to the errors or omissions of Studio Dhaka Architects, then Studio Dhaka Architects
may make changes or modifications as an Additional Services,
c) Provided owner is in compliance with the payment provisions, after completion of each stage of
service, Studio Dhaka Architects shall electronically transfer the documents connected with the
same along with two hard copies of the said deliverables to Basic Builders Ltd.
d) Provided owner is in compliance with the payment provisions, Studio Dhaka Architects agrees
that deliverables developed and provided by Studio Dhaka Architects under this agreement shal
become the property of Basic Builders Ltd and Studio Dhaka Architects shall not have any claim
of ownership or any other right over the same.
e) If, due to errors or omission of Studio Dhaka Architects there are correction required in the
deliverables Studio Dhaka Architects shall rectify at their cost promptly upon notification by
owner and deliver the same to owner within a timeframe agreed upon by both parties.
VII. PERIOD
This agreement shall be valid for the period of 6 months from the date hereof and may be extended only
at the options of Basic Builders Ltd, by written agreement.
VIII. LIMITATION AND LIABILITIES

Studio Dhaka Architects is liable for any and all claims, including but not limited to those arising out of
the Studio Dhaka Architects professional services, negligence, gross misconduct, warranties or
misrepresentations shall be deemed limited to an amount no greater than the compensation amount
indicated in this agreements.
IX. WORKPLAN AND SCHEDULE

a) The work plan and schedule will be finalized after any project is awarded to Studio Dhaka
Architects by Basic Builders Ltd.
b) All other scopes will be finalized upon awarding of the projects to Studio Dhaka Architects by
Basic Builders Ltd.
PRESENTATIONS
Formal design and presentations and Reviews will occur after every stage with permission of Basic
Builders Ltd.
X. ENTIRE AGREEMENT
This agreement contains the entire contract of the parties with respect to the subject matter hereof and
supersedes all agreements and understanding between the parties, oral or written, concerning the
subject matter hereof. In the event any provision hereof is deemed illegal or unenforceable, such
provision shall be deleted to the extent of such illegality or unenforceability, but such deletion shall not
invalidate the remainder of this agreement, which shall continue in full force.
IN WITNESS WHEREOF the parties have set their hands under this Agreement on the
………………………………………………. First here in above written in the presence of
With best regards

1. Witness
Engr Abdul latif

B. Sc. Engg. (Civil), FIEB-9959
Managing Director
Basic Builders Ltd
House -01, Road- 23/A, Gulshan -01
Dhaka, Bangladesh
2.
Tarek MD. Saidul Islam

MIAB I-081
Principal Architect
Studio Dhaka Architects
44, Rabindra Sharani, Sector 07
Uttara, Dhaka -1230
Bangladesh.
2.
Engr. Asif Mostafa Anik

B. Sc. Engg. (Civil)
Structural Engineer
Studio Dhaka Architects
44, Rabindra Sharani, Sector 07
Uttara, Dhaka -1230
Bangladesh.

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FINANCIAL PROPOSAL AND AGREEMENT

BASIC BUILDERS LTD.

The financial proposal is made in Dhaka on …..the Day of ………………………………., ………………..

Now This Agreement Witness That

Studio Dhaka Architects | Financial Proposal & Agreement 1

Stage 01- Concept Design

a) Shared Project Leadership with other Engineering Consultants.

Stage 02- Schematic Design

a) Proposal of Consultancy Fees.

Stage 03- Design Development and Finalization

a) Incorporated Owner’s comments.

Stage 04- Construction Documents

a) Develop working drawings.

Stage 05- Co-ordination & Supervision

a) Develop working drawings.

II. Initial Payment

Studio Dhaka Architects | Financial Proposal & Agreement 2

Account Name: Tarek MD. Saidul Islam

Standard Chartered Bank, Bangladesh.

Proposed consultancy fee is based on rate/sft basis.

CONSULTANCY CATAGORY CONSULTANCY FEE

*The proposed fee is negotiable with the consultation of respected client.

Consultancy fee will be provided by owner stage by stage by following method.

Stage 01- Concept Design 10% of the Total Consultancy Fee

Stage 02- Schematic Design 10% of the Total Consultancy Fee

Stage 04- Construction Documents 30% of the Total Consultancy Fee

IV. TAXES AND DUTIES

Studio Dhaka Architects | Financial Proposal & Agreement 3

VIII. LIMITATION AND LIABILITIES

Studio Dhaka Architects | Financial Proposal & Agreement 4

IX. WORKPLAN AND SCHEDULE

With best regards

Engr Abdul latif

Tarek MD. Saidul Islam

Engr. Asif Mostafa Anik

Studio Dhaka Architects | Financial Proposal & Agreement 6

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