Completion Certificates definition

Completion Certificates means the following:

Completion Certificates means the certificate to be issued by the Additional City Engineer, when the works have been completed to his satisfaction. CLAUSE 1 SECURITY DEPOSITSuccessful Tender whose proposal will be accepted by the VMC/Consultant and who will be referred to as “Contractor” thereafter will have to deposit an amount equal to five percent of the contract price as contractual obligation in the mode and schedule as given below :Amount of Security Deposit payable by the contractor will be 5% of the contract value which may include 2% security deposit converted and remaining 3% to be deposited by successful bidder.All compensation and other sum of money payable by the contractor to the V.M.S.S. under the terms of this contract may be deducted from or paid by sale of whole or part of security deposit along with deduction from other payments which may be due or which becomes due to be payable to the contractor. Whenever the amount of Security Deposit gets reduced lower than the amount equal to 5% of contract value the contractor shall make it up equal to 5% of the contract price by depositing money within 5 days. If the amount of Security Deposit to be paid in lump sum within the period of 10 days as specified above is not paid tender/contract already accepted shall be considered as cancelled and legal steps taken against the contractor recovery of the amounts. The security lodged by a contractor shall be refundable after the final bill & also after providing performance bank guarantee bond. CLAUSE 2 : COMPENSATION OF DELAY AND PENALTY The time allowed for carrying out the work as entered in the tender shall be strictly observed by the contractor and shall be reckoned from the date of which the order to commence work is given to the contractor. The work shall throughout the stipulated period of the contract be proceeded with, with all due diligence (time being deemed to be of the essence of the contract on the part of the contract) and the contractor shall pay as compensation and or penalty for delay. Further contractor shall to ensure good progress during the execution of the work. The work shall be completed stage wise as per the schedule given at the time of tender submission (Refer qualification criteria) before award of the job to contractor, and which will form the part of the contract, failing which intermediate compensation shall be levied. In case contractor have not submitted it is confirmation the schedule of work progress, on part of contractor follow the schedu...

Completion Certificates means, collectively, the Completion Certificates in the form of Exhibits W-1, W-2, W-3, W-4, W-5, W-6, W-7, and W-8 to the Disbursement Agreement to be delivered by the Company, the Construction Consultant, the Project Architect, the Prime Contractor, the Golf Course Designer, the Aqua Theater Designer, the Golf Course Contractor and the Parking Structure Contractor, respectively.

Examples of Completion Certificates in a sentence

• When the Design Professional completes the Final Punch List (Five (5) days allowed), the Owner, Contractor, Design Professional and Program Manager, if applicable, are prepared to execute the Material Completion Certificates (See Section 7 Forms) for occupancy.

• Additional work(s) in the Bus Terminal in accordance with Article 16 shall enter into commercial service post issuance of the Additional Completion Certificate(s) by Independent Engineer/ Additional Engineer(s).

• Provide evidence such as Contracts or Purchase Orders and Completion Certificates.

• In case, the Contractors have multiple documents under the same type (e.g. multiple Work Completion Certificates) as mentioned above, the Contractors advised to either create a single .pdf file of all the documents of same type or compress the documents in a single compressed file in .zip or .rar formats and upload the same.

• Once the Completion Certificates have been issued in relation to all the proposed Project Facilities, the ‘Project Monitoring & Supervision Consultants’ with the due approval of the Authority, shall issue a certificate confirming the completion of construction of the Project in accordance with the provisions of Section 6.3 (b) (the “Project Completion”).

More Definitions of Completion Certificates

Completion Certificates means the Scheduled Project Phase Completion Certificates and the Technical Completion Certificates.

Completion Certificates means, collectively, the forms of certificates relating to Completion which shall be in a form satisfactory to the Borrower, the Administrative Agent, and the Independent Technical Consultant.

Completion Certificates means, collectively, the Economic Completion Certificate and the Mechanical Completion Certificate.

Completion Certificates means the certificate to be issued by the Engineer- in-charge, when the works have been completed to his satisfaction.

Completion Certificates means, collectively, the Completion Certificates for an Active Phase in the form of Exhibit W-1 through W-4 annexed hereto to be delivered by the Borrower and the Certifying Consultants (other than the Cost Consultant for such Phase), respectively.

Completion Certificates has the meaning set forth in the EPC Agreement. “Confidential Information” has the meaning set forth in Section 13.6.1.

Completion Certificates means, collectively, the completion certificates from the Borrower substantially in the forms set forth in Schedule 18 signed by a Responsible Officer of the Borrower, as reviewed and approved (where applicable) by the Independent Technical Consultant.