Technical parameters Clause Samples

Technical parameters. The Standard EPC Agreement specifies the required design standards and allows the Contractor to design & construct the project using design engineering and global best practices to achieve quality, speed, efficiency & economy as compared to the item rate contract that relies on a fixed design provided by the Authority. Only the core requirements of design and construction of the Railway project that have a bearing on the quality and safety of assets are to be specified and enough room would be left for the contractor to add value. This would provide the requisite flexibility to the contractor in evolving & adopting the efficient designs without compromising on the quality and safety. The contract period is determined on a project-specific basis depending on the volume of construction work involved. The Contractor shall be liable to pay Damages at the specified ratefor each day of delay beyond the specified date of completion, subject to the total amount of Damages not exceeding 10 per cent of the contract price. However, the Contractor shall be entitled to time extension arising out of delays on account of change of scope and force majeureor delays caused by or attributable to the Authority. Selection of the contractor will be based on open competitive bidding. All project parameters such as the contract period, price adjustments & technical parameters are to be clearly stated upfront along with lumpsum price for the Railway Project. Projects risks such as soil conditions and weather or commercial & technical risks relating to design & construction have been assigned to the Contractor. The Authority accepts its liability to pay damages to the Contractor for any delays in handing over the land, approvals from road authorities for road over- bridges/under-bridges at level crossings, environment clearances, shifting of utilities & approvals in respect of engineering scale plan & signalling interlocking plan. It defines the scope of the Railway project with precision & predictability to enable the Contractor to determine its costs & obligations. It also lays down a ceiling of 25 per cent of contract price to cater for any changes in the scope of project, the cost of which the Authority will bear. The Contractor shall carry out survey and investigations and also develop designs & drawings in conformity with the specifications & standards laid down in the Agreement. Authority Engineer shall review the design & drawings to ensure that these conform to the scope o...