Terms and Conditions for Standard Factory Launch

Important Information on some of the Terms and Conditions for Standard Factory Launch
COMPLETE SUBMISSIONApplicants who are sole proprietors has to submit the latest statement of account, even if unaudited. Applications without Application Deposit, detailed business plan using the prescribed format at Annex A or latest audited statement of accounts will NOT be considered. JTC reserves the right to accept or reject any application for the said factory.

COMPANY VISIT / INTERVIEW
JTC shall visit/interview selected Applicants in order to better assess the selected Applicants' businesses. JTC shall inform the selected Applicants in advance the exact dates and time of the visits/interviews. In the event, any of the selected Applicants cannot accommodate JTC's visit/interview on the allocated date and time, the said Applicant's application for the factory shall be based solely on the information submitted in the Application Form

SUBMISSION DETAILS
(i) Applicants are to indicate the preferred tenure option (either 3+3 years or 20 years) and proposed usage in the Online Application Form.
(ii) The applicant can apply for more than one unit. However, JTC reserves the right to allocate only one unit to the Successful Applicant. JTC is not under any obligation to disclose any reason for its decision.
(iii) For Applicants applying for more than 1 unit, please refer to Annex A for more details.
(iv) Applicants are to submit their application and all supporting documents ONLINE at http://www.jtc.gov.sg/SF Before Closing Date.

APPLICATION DEPOSITIn the event:-
(i) the Applicant withdraws the application for the factory after the closing date of the launch; or
(ii) JTC makes an offer of the factory to the Successful Applicant and the Successful Applicant fails to accept the offer within the stipulated time, the Application Deposit shall be FORFEITED without prejudice to JTC's rights to recover other damages which JTC may have suffered.

POSSESSION OF LAND & BUILDING(i) Vacant possession of the land and building shall be delivered to the Successful Applicant upon full acceptance by the Successful Applicant.
(ii) The Successful Applicant shall accept the said land and building on an "as is where is" basis as regards to the matters mentioned in Condition 1 and in all other respects as at the date of delivery of possession of the said land and building, AND the Successful Applicant shall not at any time:
a) object to or refuse the delivery of  possession of the site to him;
b) claim for any compensation or reduction of the building price, or
c) require JTC to remove any encroachment, structure, or thing present on or within the said land and building.
(iii) Any A&A works shall be subject to JTC's approval and comply with prevailing regulations imposed by the relevant Competent Authorities.

VALIDITY OF INFORMATION(i) Information and pricing are subject to change without prior notice.
(ii) JTC does not warrant the accuracy of the above list and expressly disclaims liability for errors or omission therein.
(iii) Please make independent queries and check with relevant Competent Authorities for clarifications.
LEGAL DOCUMENTS
The Successful Applicant shall sign the agreement(s) in JTC's standard terms and conditions and such terms and conditions are not negotiable.