SECTION 10 : TERMS AND CONDITIONS

10.1 PAYMENT TERMS: Client to establish confirmed irrevocable letter of credit negotiable at sight for the full contract value. The payment schedule should be as follows: 1. 30 % of the contract value as mobilization advance at the time of agreement 2. 25% after supply of 50 % of building materials 3. 25% after supply of balance 50% of building materials 4. 15% after supply roof sheeting, wall Cladding & related accessories. 5. 5% after completion of building ( with in 7days)

ADDITIONAL WORKS: Additional works will be carried out only on clearly defined written instructions by the client and will be changed at the prevailing rates at time required to carry out such construction works will not a part of the main contract period. 10.2 VALIDITY OF THE OFFER This offer is valid up to 14 calendar days from the above noted date. Any extension of validity by STB must be writing. CHANGES/REVISIONS: Any change and / or revision to the above stated scope of work may lead to a variation in the price and delivery period. A change must not hold payment for work in the original contract. AIT (ADVANCE INCOME TAX): The price of materials and the services in this offer is excluding AIT ASSUMPTIONS, DEVIATION AND EXCLUSIONS: This offer excludes Windows, Foundations and other civil and electrical works ERECTION: Necessary electricity for erection of the building and the accommodation for the erection workers should be provided by the client. The duration of erection is subject to uninterrupted power supply at site and the client releasing the interim bills in time.

10.3

10.4

10.5
10.6

Section 11: Contract Form

THIS CONTRACT is entered into on: BETWEEN Diamond Cement Ltd on the one hand located in Chittagong, and represented by Mr . Duly authorized to enter into this contract. AND Service Technology of Bangladesh, on the other hand, located at NAM Village, Building#5; Flat # 3B; Banani Road #2 ;; Dhaka-1212; cell 01711431346, email: servicetech.bd10@gmail.com and represented by Mr Mushtaque Hassan duly Authorozed to enter into the contract. NOW THEREFORE the parties agree as follows: CONTRACT SCOPE : The supply of STBs Building(s) as described in the contract documents. CONTRACT DOCUMENTS: The following documents constitute the contract documents Day: Month: Year : 2011

1. Proposal No., Q1109-256 Rev.No.00 dated September 11,2011

2. Standard terms & conditions of sale 3. Standard product Specifications. CONTRACT PRICE: TK IN WITNESS HEREOF , the authorized parties hereto have executed this Contract. For : Service Technology of Bangladesh Name: Md Mushtaque Hassan Title: Signature: Date: Company Stamp: For : Diamond Cement Ltd Name: Title: Signature: Date: Company Stamp: