On Time

Brick&Bolt has dedicated project management team and construction project management software & systems to check the construction quality and progress of all the projects we execute. Brick&Bolt has ZERO tolerance for delays. We have strict Penalty Clauses for any delay in the project which ensures customer is monetarily compensated and contractors penalised. Please check our penalty clauses below. We have designed the system where any delay beyond the threshold is notified and alarmed to the stakeholders. This helps our team and contractor to speed up things to complete the construction project on time. Our construction project management software helps to manage the construction activity to give us live update and helps us to avoid any delays in construction projects. As you are aware, we act as an escrow and don’t transfer any advance payments to contractors. Payment is releases only after successful completion of stage. Though Brick&Bolt projects are in time, but in case if there is any delay in the project completion, then we deduct a certain percentage from the total project cost and refund back to the customer. This is to penalise the contractor and compensating the customer for the delay.

Project SpanGrace PeriodPenalty
<= 10 days1 day2.5% penalty will be charged for each day delay post grace period
11 - 20 days2 days2% penalty will be charged for each day delay post grace period
21 - 30 days3 days1.5% penalty will be charged for each day delay post grace period
31 - 60 days5 days3% penalty will be charged per week of delay post grace period
61 - 92 days6 days2.5% penalty will be charged per week of delay post grace period
93 - 130 days8 days2% penalty will be charged per week of delay post grace period
131 - 185 days10 days1.5% penalty will be charged per week of delay post grace period
186 - 275 days12 days1% penalty will be charged per week of delay post grace period
276 - 400 days15 days1% penalty will be charged per week of delay post grace period

Points To Note -
  1. Penalty will be charged for each day delay post grace period
  2. Percentage of penalty is calulated on total project cost
  3. Total penalty amount cannot exceed more than transferred amount of ongoing milestone. Post which the project is termed as cancelled.