Treatment of incomplete works Clause Samples

The 'Treatment of incomplete works' clause defines how partially finished work products or deliverables are handled if a contract ends before completion. Typically, this clause outlines whether the client has the right to receive, use, or pay for incomplete materials, and may specify the process for transferring unfinished work or compensating the provider for work done to date. Its core function is to ensure both parties understand their rights and obligations regarding incomplete work, thereby preventing disputes and clarifying expectations in the event of early termination or project interruption.
Treatment of incomplete works. 23.9.1 The Parties acknowledge and agree that in the event COD occurs upon issuance of a Provisional Certificate, the Annuity Payments and O&M Payments specified in this Article 23 shall be made as if all works comprising the Project have been completed. The works remaining incomplete shall be completed by the Concessionaire in accordance with the provisions of this Agreement and thereupon, the Completion Certificate shall be issued forthwith. 23.9.2 In the event the Authority determines that any incomplete works referred to in Clause 23.9.1 are not required to be completed for any reason, it shall modify the Scope of the Project in accordance with the provisions of Article 16 and the Completion Cost, Annuity Payments and O&M Payments shall be reduced on account of such Change of Scope as per the provisions of Article 16.
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Treatment of incomplete works. 23.9.1 The Parties acknowledge and agree that in the event COD occurs upon issuance of a Provisional Certificate, the Annuity Payments and O&M Payments specified in this Article 23 shall be made as if all works comprising the Project have been completed. The works remaining incomplete shall be completed by the Concessionaire in accordance with the provisions of this Agreement and thereupon, the Completion Certificate shall be issued forthwith. 23.9.2 In the event the Authority determines that any incomplete works referred to in Clause 23.9.1 are not required to be completed for any reason, it shall modify the Scope of the Project in accordance with the provisions of Article 16 and the Completion Cost, Annuity Payments and O&M Payments shall be reduced to reflect the sums saved by the Concessionaire on account of such Change of Scope. For the avoidance of doubt, the Parties expressly agree that such Change of Scope and the consequent reduction in Completion Cost, Annuity Payments and O&M Payments shall be undertaken such that the Concessionaire is not placed in a disadvantageous financial position on account thereof, and assistance of the Independent Engineer shall be taken for any assessment hereunder.
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Treatment of incomplete works. 21.8.1. The Parties acknowledge and agree that in the event COD occurs upon issuance of Provisional Certificate, the Annuity Payments and O & M Payments specified in this Article 21 shall be made proportionate to the works completed and the Design Capacity developed for the Project. The complete payments shall be effected on the issuance of Completion Certificate for entire Project. 21.8.2. In the event the Authority determines that any incomplete works referred to in Clause 21.7.1 are not required to be completed for any reason, it shall modify the scope of the Project in accordance with the provisions of Article 15 and the Bid Project Cost, Annuity Payments and O & M Payments shall be reduced on account of such Change of Scope as per the provisions of Article 15.
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Treatment of incomplete works. 19.6.1 The Parties acknowledge and agree that in the event COD occurs upon issuance of a last Provisional Certificate, the Payments specified in this Article 19 shall be made as if all works comprising the Project have been completed. The works remaining incomplete shall be completed by the Concessionaire in accordance with the provisions of this Agreement and thereupon, the Completion Certificate shall be issued forthwith. 19.6.2 In the event the Authority determines that any incomplete Works referred to in Clause 19.5.1 are not required to be completed for any reason, it shall modify the Scope of the Project in accordance with the provisions of Article 14 and the Payments shall be reduced to reflect the sums saved by the Concessionaire on account of such Change of Scope. For the avoidance of doubt, the Parties expressly agree that such Change of scope and the consequent reduction in cost with respect to Contract Price shall be undertaken such that the Concessionaire is not placed in a disadvantageous financial position on account thereof.
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Treatment of incomplete works. 19.6.1 The parties acknowledge and agree that in the event COD occurs upon issuance of a Provisional Certificate, the Annuity Payments specified in this Article 19 shall be made as if all works comprising the Project have been completed. The works remaining incomplete shall be completed by the Concessionaire in accordance with the provisions of this Agreement and thereupon, the Completion Certificate shall be issued forthwith. 19.6.2 In the event the Authority determines that any incomplete works referred to in Clause 19.5.1 are not required to be completed for any reason, it shall modify the Scope of the Project in accordance with the provisions of Article 14 and the Annuity Payments shall be reduced to reflect the sums saved by the Concessionaire on account of such Change of Scope as per Clause 19.4.3.
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Related to Treatment of incomplete works

  • Incomplete Works In the event the Contractor fails to complete the Works in accordance with the Project Completion Schedule, including any Time Extension granted under this Agreement, the Contractor shall endeavour to complete the balance work expeditiously and shall pay Damages to the Authority in accordance with the provisions of Clause 10.3 (ii) for delay of each day until the Works are completed in accordance with the provisions of this Agreement. Recovery of Damages under this Clause shall be without prejudice to the rights of the Authority under this Agreement including the right to termination under Clause 23.1.

  • Incomplete IPO If the Issuer does not complete its IPO and has become a reporting issuer in one or more jurisdictions because it has obtained a receipt for its IPO prospectus, this Agreement will remain in effect until the securities regulators in those jurisdictions order that the Issuer has ceased to be a reporting issuer.

  • Complete Work without Extra Cost Except to the extent otherwise specifically stated in this contract, the Contractor shall obtain and provide, without additional cost to the City, all labor, materials, equipment, transportation, facilities, services, permits, and licenses necessary to perform the Work.

  • No Material Weakness in Internal Controls Except as disclosed in the Disclosure Package and the Prospectus, or in any document incorporated by reference therein, since the end of the Company’s most recent audited fiscal year, there has been (i) no material weakness in the Company’s internal control over financial reporting (whether or not remediated) and (ii) no change in the Company’s internal control over financial reporting that has materially affected, or is reasonably likely to materially affect, the Company’s internal control over financial reporting.

  • CERTIFICATION REGARDING CERTAIN FOREIGN-OWNED COMPANIES IN CONNECTION WITH CRITICAL INFRASTRUCTURE (Texas law as of September 1, 2021) By submitting a proposal to this Solicitation, you certify that you agree to the following required by Texas law as of September 1, 2021: Proposing Company is prohibited from entering into a contract or other agreement relating to critical infrastructure that would grant to the company direct or remote access to or control of critical infrastructure in this state, excluding access specifically allowed by the Proposing Company for product warranty and support purposes. Company, certifies that neither it nor its parent company nor any affiliate of company or its parent company, is (1) owned by or the majority of stock or other ownership interest of the company is held or controlled by individuals who are citizens of China, Iran, North Korea, Russia, or a designated country; (2) a company or other entity, including governmental entity, that is owned or controlled by citizens of or is directly controlled by the government of China, Iran, North Korea, Russia, or a designated country; or (3) headquartered in China, Iran, North Korea, Russia, or a designated country. For purposes of this contract, “critical infrastructure” means “a communication infrastructure system, cybersecurity system, electric grid, hazardous waste treatment system, or water treatment facility.” See Tex. Gov’t Code § 2274.0101(2) of SB 1226 (87th leg.). The company verifies and certifies that company will not grant direct or remote access to or control of critical infrastructure, except for product warranty and support purposes, to prohibited individuals, companies, or entities, including governmental entities, owned, controlled, or headquartered in China, Iran, North Korea, Russia, or a designated country, as determined by the Governor.