School Construction Framework Agreement Clause Samples

School Construction Framework Agreement. Pursuant to the school construction cooperation framework agreement (the “School Construction Framework Agreement”) dated [●] 2021 entered into by Guangdong Jinda with Keda Construction, Keda Construction has agreed to provide construction services to Guangdong Jingda and our University from time to time, including construction and decoration services, while Guangdong Jingda or our University will be responsible for the purchase of the raw materials for those construction projects. Guangdong Jingda or its designated party will enter into separate agreements with Keda Construction in respect of each school construction project which will set out the details of such project and the specific payment requirements (including payment method, payment schedule and payment information) pursuant to the principles stipulated in the School Construction Framework Agreement. The term of the School Construction Framework Agreement is from the [REDACTED] to August 31, 2023, and renewable unless terminated by either party by serving written notice to the other party within 30 days prior to the expiration of the School Construction Framework Agreement (subject to compliance with the provisions under the Listing Rules regarding continuing connected transactions). The service fees charged by Keda Construction will be the actual costs in connection with the services provided plus a premium of 5.5% to 6.5% of the actual costs. The range of premium is determined with reference to the market range of premium based on, among other things, selected market comparables with the assistance of an independent valuer. The actual costs include all taxes and all costs incurred in relation to the construction and/or decoration of the project (such as labor, materials, equipment and project management and planning) as determined based on the latest standards and guidelines prescribed by the relevant governmental authorities (collectively, the “Governmental Pricing Standards”), such as Rules of Guangdong Province on the Administration of Construction Project Pricing (《廣東省建設 工程造價管理規定》) and relevant standard made based on it, Administrative Measures for Pricing the Awarding and Undertaking of Construction Contracts of Building Projects (《建築工程施工發包與承包計價管理辦法》), Code of Valuation with ▇▇▇▇ ▇▇▇▇▇▇▇▇ of Construction Works (《建設工程工程量清單計價規範》) and Administrative Measures for Construction Project Quota (《建設工程定額管理辦法》), and adjusted by final settlement audit by qualified independent cost engineer. The Gover...