Payment Term: Takeover Phase Fees Sample Clauses

Payment Term: Takeover Phase Fees. 7.3.1 Subject to the receipt of the Performance Bank Guarantee by the Owner as provided in Article 23.0 (Performance Bank Guarantee), the Takeover Phase Fees shall be paid, after the complete mobilization of staff for Takeover Phase is achieved as prescribed under Clause 6.2.1, within 30 (thirty) days of completion of Takeover Phase and receipt of following documents by the Owner duly certified by Owner’s representative: (i) invoice, (ii) satisfactory work completion certificate, and (iii) attendance register of Contractor Staff for the Takeover Phase.
Sample 1
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Payment Term: Takeover Phase Fees. 7.3.1 Subject to the receipt of the Performance Bank Guarantee by the Owner as provided in Clause 25.0 (Performance Bank Guarantee), the Takeover Phase Fees shall be paid, after the complete mobilization of staff for Takeover Phase is achieved as prescribed under Clause 6.2.1, within 30 (thirty) days of completion of Takeover Phase and receipt of following documents by the Owner duly certified by Owner’s representative: (i) invoice, (ii) satisfactory work completion certificate, (iii) attendance register of O&M Operator Staff for the Takeover Phase, (iv) documents evidencing completion of deployment of tools & tackles, appliances, material handling equipment, technician’s tools box, instruments etc. as specified in Clause 28.0 of the Contract, (v) copy of Permits, clearances and licenses required to be obtained and maintained by the O&M Operator pursuant to Clause 42.0 of the Contract, (vi) copy of Annual Operating Plan & Budget for first year of operation approved by Owner, and (vii) copy of annual maintenance plan approved by Owner.
Sample 1

Related to Payment Term: Takeover Phase Fees

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