Not Appliciable Sample Clauses
Not Appliciable. GCC 57.1 Total advance payment shall be 20% of the Accepted Contract Amount (Excluding VAT and Provisional Sums) and shall be paid to the Contractor no later than 1st Interim Bill payment in the currencies and proportions in which the Accepted Contract Amount is payable. First installment: 10% shall be made to the contractor upon submission of equivalent acceptable Bank Guarantee for advanced payment After agreement & Insurance Report. Second installment: 10% shall be made after execution of work, Submission of Materials Lab report.
Not Appliciable. 1 The proportion of payments retained is: 5 (FIVE) percent. GCC 55.1 The liquidated damages for the whole of the Works are 0.05 Percent of the final Contract Price per day. The maximum amount of liquidated damages for the whole of the Works is 10 Percent of the final Contract Price.