Common use of Payments to Independent Engineer Clause in Contracts

Payments to Independent Engineer. 21.4.1 The ULB shall pay the Independent Engineer all fees, costs, charges and expenses payable to the Independent Engineer in accordance with the terms of its appointment (collectively the “Remuneration"). However, the ULB and Concessionaire shall share this expense equally on a 50:50 basis. The ULB shall recover the pro-rated costs payable to the Independent Engineer as Remuneration from amounts payable to the Concessionaire. In case, the Concessionaire does not pay the ULB its share of remuneration of Independent Engineer, the ULB shall have the right to encash the Operation Performance Security.

Payments to Independent Engineer. 21.4.1 The ULB shall pay the Independent Engineer all fees, costs, charges and expenses payable to the Independent Engineer in accordance with the terms of its appointment (collectively the “Remuneration"). However, the ULB and Concessionaire shall share this expense equally on a 50:50 basis. The ULB shall recover the pro-rated costs payable to the Independent Engineer as Remuneration from amounts payable to the Concessionaire. In case, the Concessionaire does not pay the ULB its share of remuneration of Independent Engineer, the ULB shall have the right to encash the Operation Performance Security.