Common use of PREPARATION WORK Clause in Contracts

PREPARATION WORK. 10.1. During the preparation and construction period of the Joint Venture, a preparation group should be set up directly under the Board of Directors, which shall consist of three (3) persons, one (1) from Party A and two (2) from Party B. A group leader shall be recommended by Party B, and a deputy group leader by Party A. The group leader and deputy group leader should be appointed by the Board of Directors. 10.2. The preparation group shall be responsible for auditing of engineering design, signing of contract project agreements, organizing the procurement and checking of the related equipment, materials and other goods, working out the general schedule of the construction plan for the budget, controlling financial payment and design-making on the construction; responsible for the control and management of documents, blue prints, files, and data when the construction is in progress. 10.3. The preparation group shall be responsible for the auditing, supervision, check and test of the project design, quality, equipment and materials. 10.4. The staff organization of the preparation group and their salaries and expenditures shall be entered into the construction budget upon approval of the Board of Directors. 10.5. The preparation group shall be canceled upon the approval of the Board of Directors after the construction is completed and the procedure of transfer is implemented.

PREPARATION WORK. 10.1. During the preparation and construction period of the Joint Venture, a preparation group should be set up directly under the Board of Directors, which shall consist of three (3) persons, one (1) from Party A and two (2) from Party B. A group leader shall be recommended by Party B, and a deputy group leader by Party A. The group leader and deputy group leader should be appointed by the Board of Directors. 10.2. The preparation group shall be responsible for auditing of engineering design, signing of contract project agreements, organizing the procurement and checking of the related equipment, materials and other goods, working out the general schedule of the construction plan for the budget, controlling financial payment and design-making on the construction; responsible for the control and management of documents, blue prints, files, . and data when the construction is in progress. 10.3. The preparation group shall be responsible for the auditing, supervision, check and test of the project design, quality, equipment and materials. 10.4. The staff organization of the preparation group and their salaries and expenditures shall be entered into the construction budget upon approval of the Board of Directors. 10.5. The preparation group shall be canceled upon the approval of the Board of Directors after the construction is completed and the procedure of transfer is implemented.

PREPARATION WORK. 10.1. During the preparation and construction period of the Joint Venture, a preparation group should be set up directly under the Board of Directors, which shall consist of three (3) persons, one (1) from Party A and two (2) from Party B. A group leader shall be recommended by Party B, and a deputy group leader by Party A. The group leader and deputy group leader should be appointed by the Board of Directors. 10.2. The preparation group shall be responsible for auditing of engineering design, signing of contract project agreements, organizing the procurement and checking of the related equipment, materials and other goods, working out the general schedule of the construction plan for the budget, controlling financial payment and design-making on the construction; responsible for the control and management of documents, blue prints, files, files and data when the construction is in progress. 10.3. The preparation group shall be responsible for the auditing, supervision, check and test of the project design, quality, equipment and materials., 10.4. The staff organization of the preparation group and their salaries and expenditures shall be entered into the construction budget upon approval of the Board of Directors. 10.5. The preparation group shall be canceled upon the approval of the Board of Directors after the construction is completed and the procedure of transfer is implemented.