Common use of Sub-Contract Clause in Contracts

Sub-Contract. 7.1 The Parties acknowledge that the Proposal is an offer to the Client which is capable of acceptance by the Client. Each Party agrees not to amend in any material way its submission in respect of the Proposal without the consent of the other Party once the Proposal(s) has been submitted to the Client; 7.2 The Sub-Contractor agrees that it shall enter, when called upon to do so by the Prime Contractor and subject to the specific Client’s approval of the Sub-Contractor as sub-contractor to the Prime Contractor, into a Sub-Contract with the Prime Contractor as soon as possible after the Prime Contractor is awarded the Project by the Client and, in any event, before the Prime Contractor executes the Prime Contract; 7.3 If the Parties have not concluded the Sub-Contract prior to the signing of the Prime Contract, they shall use their best endeavours to conclude the Sub-Contract within 30 (thirty) Business Days of the signing of the Prime Contract; 7.4 If the Parties execute the Sub-Contract in respect of the Project, the pricing principles for the Sub-Contract Deliverables shall be those as set out in the cost schedule contained in the Schedule. Save for instances where the Project scope changes substantially from that envisaged under the Proposal, the Sub-Contractor shall not be entitled to increase its prices set out in the Cost Schedule.

Sub-Contract. 7.1 The Parties acknowledge that the Proposal is an offer to the Client which is capable of acceptance by the Client. Each Party agrees not to amend in any material way its submission in respect of the Proposal without the consent of the other Party once the Proposal(s) has been submitted to the Client; 7.2 ; The Sub-Contractor agrees that it shall enter, when called upon to do so by the Prime Contractor and subject to the specific Client’s approval of the Sub-Contractor as sub-contractor to the Prime Contractor, into a Sub-Contract with the Prime Contractor as soon as possible after the Prime Contractor is awarded the Project by the Client and, in any event, before the Prime Contractor executes the Prime Contract; 7.3 ; If the Parties have not concluded the Sub-Contract prior to the signing of the Prime Contract, they shall use their best endeavours to conclude the Sub-Contract within 30 (thirty) Business Days of the signing of the Prime Contract; 7.4 ; If the Parties execute the Sub-Contract in respect of the Project, the pricing principles for the Sub-Contract Deliverables shall be those as set out in the cost schedule contained in the Schedule. Save for instances where the Project scope changes substantially from that envisaged under the Proposal, the Sub-Contractor shall not be entitled to increase its prices set out in the Cost Schedule.