A factory building agreement is one in which a company gets into an agreement with a construction company in order to have a factory building constructed. The two parties to the agreement are the owner of the factory and the construction company that will construct the factory. The agreement provides for all the specifications of the construction of the factory as specified by the owner of the property.
The factory building agreement holds information such as name of the owner of the factory, address of the owner, location of the construction place where factory building has to be built, permission number for construction of factory building, specifications of factory building in terms of area of construction, electrical, mechanical and other details as provided by the owner and also the total costs of construction of the factory building. It is the responsibility of the construction company to meet the standards of safety during the construction process according to the state stipulated norms.
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