JSMR Holdings
JSMR HOLDINGS
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Terms and Conditions:

1. This proposal is conditional upon and subject to credit approval of the Customer by the Company prior to the commencement of any work set out herein and, until such time as credit has been approved, this proposal shall not create any legally binding obligation on the Company. Further, notwithstanding credit approval being granted to the Customer, should any of the approved credit conditions and/or the credit status of the Customer, in the sole and subjective discretion of the Company, become unsatisfactory at any time during the performance of the work to be performed under this proposal, the Company may; (i) require that the Customer provide adequate security that is satisfactory to the Company in its sole and subjective discretion; or (ii) at the option of the Company, refuse to perform any further work under this proposal and the Company shall not be liable for any claim or damages whatsoever and howsoever arising, and the Company shall be entitled to receive full payment for the value of any work completed to that date, without any penalty or deduction.

2. The aforesaid proposal, if not accepted within 10 days, shall be null and void.

3. Any deviation from agreed specifications and/or terms shall be by mutual agreement and shall be in writing and executed by the Company. Payment for changes in the work, extra work and allowances for omissions shall be fixed in advance on demand by either party and shall be set forth in said writing.

4. The above prices are quoted on the assumption that, unless specifically stated in writing to the contrary, the said work can be undertaken in one continuous operation and in one move-in.

5. It is expressly agreed that the Customer will advise the Company in writing before any work is undertaken under this proposal, of any unusual conditions or particulars which might affect any of the work to be performed by the Company.

6. FORCE MAJEURE - the Company shall be relieved from the terms of this agreement and from the consequences of any impacts or delays to the project whatsoever, arising from any act of God, strike, lockout, blockade, fire, flood, war (declared or undeclared), government order or action, shortage of any raw materials including liquid asphalt cement, or any other happening which is beyond the direct control of the Company and which shall render the Company unable to comply with the conditions thereof.

7. This proposal shall not constitute a binding contract or obligation to perform any work contained in this proposal until such time as the Customer has satisfied the credit requirements contained herein, and the Company is provided with a purchase order or other agreement that is satisfactory to the Company, .

8. It is understood that the quantities shown in this proposal are only an estimate of the work, materials and equipment required to complete the work, and that final payment shall be based on the final sum total of the actual measured quantities that are incorporated in, or made necessary by the work, multiplied by the appropriate unit prices included in this proposal, as determined by the Company upon completion of the work.

9. Payment terms are net 30 days. If client is approved credit customer. Interest in the amount of 1.5% per month, compounded monthly (19.56% per annum) will be charged on all any overdue amounts.