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hello everyone welcome to civil engineering shilohs updates construction agreement this agreement is between the builder and the owner or between the contractor or the owner in this place you have to write the person who is going to construct your building here you have to write the owners name whereas the owner is desirous of getting a building at in this place you have to write place in which place the building is going to be constructed builder will construct building there on as per schedule b has already discussed with the owner what is this schedule b we can discuss it later okay according to the specification given in schedule b for the lump sum of rupees this much amount and the owner has accepted the same for this much amount the owner has accepted thats what here mentioned whereas the first and second party have mutually agreed to the terms and conditions governing the construction here the first party is owner and the second party is the builder or the contractor or the