TERMS & CONDITIONS 
CONTRACT FOR THE PURCHASE OF GOODS & SERVICES

1. DEFINITIONS

1.1 “OLIO", “we”, “us”, or “our” hereinafter refers to the legal entity issuing the Contract, Quotation, Proforma Invoice, Tax Invoice and/or Bill of Quantities (BoQ), which may be OLIO PTE LTD and/or its subsidiaries, and/or affiliates, which expression shall include its successors and permitted assigns.

1.2 “You” hereinafter refers to the named client in the Contract, Quotation, Proforma Invoice and/or Tax Invoice.

1.3 “Contract” hereinafter refers to the agreement entered into between OLIO and you for the purchase of the goods and/or services. The terms and conditions of the Contract shall comprise the terms stated in the Quotation, Proforma Invoice, Tax Invoice and/or Bill of Quantities (BoQ), the terms and conditions herein and all annexes, appendices, schedules, exhibits, supplemental agreements, specifications, plans, drawings, patterns, samples and/or other documents or conditions which may be incorporated by Contract.

1.4 “Price” shall mean the price payable by you for the Goods and/or Services stated in the Quotation, Proforma Invoice and/or Tax Invoice.

1.5 “Goods” shall mean the goods described in the Quotation, Proforma Invoice, Tax Invoice and/or Bill of Quantities (BoQ).

1.6 “Services” shall mean the services described in the Quotation, Proforma Invoice, Tax Invoice and/or Bill of Quantities (BoQ), which OLIO is required under the Contract to perform.

2. GENERAL PROVISION

2.1 Save as expressly provided in the description of works, the prices quoted are based on the draft design proposed by OLIO and accepted by you, and will be subjected to changes upon finalisation of design and selection of materials. This means the prices quoted may exclude any other design and detailing, finishing, materials, upholstery, ironmongery or other materials, fixtures and equipment. 

2.2 Any additional works and services not included in the item description shall be subject to variations to be mutually agreed. Unless otherwise provided, any plan drawings, specifications, services, information, professional certifications, surveys and reports for the premises that may be required for the performance of the works shall be procured and submitted as variation order(s).

3. PRICE

3.1 All prices are in Singapore dollars (SGD) and are subject to prevailing Goods & Services Tax (GST) imposed by the Government of Singapore. Prices may not include delivery and handling charges.

3.2 Prices are subject to change to the prices in effect at the time of delivery. 

3.3 OLIO reserves the right to make any amendment(s) to prices quoted due to administrative and/or omission errors. In the event of any specific requirements (including without limitation any design, specification, ordered quantity and/or logistics charges) representing a price adjustment, you will be notified and provided an opportunity to confirm.

4. SERVICE DELIVERY

We shall exercise our best efforts to coordinate and schedule the performance, delivery and/or installation of the works, but shall not be responsible for any malfeasance, neglect or failure of any appointed independent contractors to meet their deadlines for completion or otherwise, to perform their respective duties and responsibilities for any reason whether foreseeable or unforeseen, regardless of whether within the reasonable contemplation of parties at any time now or in the future.

5. METHOD STATEMENT

All services shall be performed using all due care and diligence. We shall provide directions, instructions and supervision as reasonably necessary for the performance, delivery and/or installation of the works with control over the means, methods, techniques, sequences or procedures of construction and fabrication.

6. TITLE

6.1 Goods - The risk in the goods is passed onto you upon delivery or collection but the title shall remain with OLIO until the receipt of full payment. We reserve the right to repossess such goods notwithstanding the fact that the goods had been delivered. Until the receipt of full payment, you shall not pledge, allow any lien to arise on or otherwise dispose of the goods without the prior written consent of OLIO. 

6.2 Services - The drawings, renderings, specifications and/or other documents provided to you are work products created by us in the provision of our services solely with respect to the works described here and, unless otherwise provided, we shall be deemed the author, creator or inventor of these work products and shall retain full title and ownership of all common law, statutory and other reserved rights on such work products, including any registrable or non-registrable intellectual property rights.

 

Our work products provided to you shall not be disclosed to and used by, whether directly or indirectly, any third parties unless otherwise expressly authorised by us. You shall be permitted to retain copies of such work products for information and reference only in connection with your private use and occupancy of the premises upon which works are performed.

7. PAYMENT

7.1 Schedule - Refer to Payment Schedule stated on the Contract, Quotation, Proforma Invoice and/or Tax Invoice.

7.2. Payment Method - Electronic payment via PayNow / bank transfer is preferred.

Account Name: OLIO PTE LTD

Bank & Branch: United Overseas Bank Limited - Novena Branch

Branch Address: 238A Thomson Road, 01-38, Singapore 307685

Bank Account No.: 3393292723

UEN & GST Registration No.: 202034954G

7.3 Default / Late Payment - Any delay, failure or refusal to make timely payment based on the Payment Schedule as they fall due, regardless for any reason, shall be a default in payment subject to an interest charge of 5% per annum compounded on a daily basis - from the time of default in payment until full settlement of any outstanding payment and interests.

 

Without prejudice to the above, in the event of any default in payment, we reserve the right to cease any and all ongoing and outstanding works with five (5) calendar days’ advance notice to you, and shall only resume when all outstanding payments and interests are duly paid in full.

 

8. THIRD PARTY RIGHTS

A person who is not a party to the Contract has no right under the Contracts (Rights of Third Parties) Act to enforce any term of the Contract but this does not affect any right or remedy of a third party which exists or is available apart from that Act.

9. PREVAILING LANGUAGE

Except as the parties may otherwise agree, the Contract shall be in the English language. In the event of inconsistency between the Contract and a version of the Contract which has been translated into another language, the English language version shall prevail at all times.

10. GOVERNING LAW

These Terms & Conditions shall be governed by and construed in accordance with the Singapore law and you irrevocably submit to the non exclusive jurisdiction of the Courts of Singapore.

11. SEVERABILITY

If any provision of these Terms & Conditions is found to be invalid or unenforceable by a court of law, such invalidity or unenforceability will not affect the remainder of this agreement, which will continue in full force and effect.