Estimate Issue Version 3.3 2018 LEC

Page 2
Additional (Extra) Works: Please note, any extra works which may be required after the contract
has commenced, will be treated as a separate contract, which may not necessarily run concurrently with the initial contract. The reason for this is it will add extra time to our scheduled contract.
Verbal instructions /agreements must be honored and payment for any extra work must be made on receipt of extra work invoice.

Guarantees and Insurance:
All works carried out by Lancaster Estate Construction Ltd hereby referred to as the Company,
is guaranteed for a period of 12 months from completion of the work. The Company carries Public Liability to the value of £5 million and Employer’s liability Insurance to the value of £10 million and all Construction risk insurance for £500,000.00. Upon completion of
the works and on full and final settlement of outstanding monies the Company will issue a written guarantee as set out below. Our insurance covers indemnity to principal.

Where windows are installed this will be covered by the *Fensa Insurance. *Terms and
conditions applicable.

Terms of payment: All accounts are to be paid as per the payment structure set out below. In the event of a client not meeting the agreed terms of payment, we reserve the right to charge interest on the overdue account at a rate of 2% above the base rate of interest charged by Barclays Bank PLC during the overdue period.
Credit/ debit card payments accepted.
Cheques to be made payable to “Lancaster Estate Construction
Limited” All prices are subject to VAT at the current rate

Payment Structure:
All works undertaken by the Company are operated by a staged Payment Schedule defined by
the specified or contracted schedule of works. Dependent on each individual case this usually
requires an initial advance upon signing of the Contract and thereafter a series of staged
payments according to the Schedule of Works.

Bank Details:
Metro Bank
160-166 Kensington High St,
London W8 7RG
UK Sort Code: 23 05 80
Account No: 28189154
Company Reg No: 11275965

Reg Address with the Companies House of England and Wales:
Lancaster Estate Construction Limited
19 Ambassador Court, 17-19 Craven Terrace, London W2 3QH

Thank you for asking Lancaster Estate Construction Limited to quote for the building work as above;
we have prepared a quote that includes all building works but not any fixtures and fittings. The
work will be carried out to current building standards and will be guaranteed for a period of 12
months from completion.
We offer full project management of the site, which will include a detailed schedule of the
works/method statement planned, a weekly meeting and correct ordering of trades and rubbish removal.