Completion Certificates definition

Completion Certificates means the following:

Completion Certificates means the certificate to be issued by theCity Engineer, when the works have been completed to his satisfaction. CLAUSE 1: SECURITY DEPOSITSuccessful Tender whose proposal will be accepted by the VMC/Consultant and who will be referred to as “Contractor” thereafter will have to deposit an amount equal to five percent of the contract price as contractual obligation in the mode and schedule as given below :Amount of Security Deposit payable by the contractor will be 5% of the contract value.All compensation and other sum of money payable by the contractor to the V.M.S.S. under the terms of this contract may be deducted from or paid by sale of whole or part of security deposit along with deduction from other payments which may be due or which becomes due to be payable to the contractor. Whenever the amount of Security Deposit gets reduced lower than the amount equal to 5% of contract value the contractor shall make it up equal to 5% of the contract price by depositing money within 5 days. If the amount of Security Deposit to be paid in lump sum within the period of 10 days as specified above is not paid tender/contract already accepted shall be considered as cancelled and legal steps taken against the contractor for recovery of the amounts. CLAUSE 2 : COMPENSATION OF DELAY AND PENALTYThe time allowed for carrying out the work as entered in the tender shall be strictly observed by the contractor and shall be reckoned from the date of which the order to commence work is given to the contractor. The work shall throughout the stipulated period of the contract be proceeded with, with all due diligence (time being deemed to be of the essence of the contract on the part of the contract) and the contractor shall pay as compensation and or penalty for delay. Further contractor shall to ensure good progress during the execution of the work. The work shall be completed stage wise as per the schedule given at the time of tender submission (Refer qualification criteria) before award of the job to contractor, and which will form the part of the contract, failing which intermediate compensation shall be levied. In case contractor have not submitted it is confirmation the schedule of work progress, on part of contractor follow the schedule of work decided by VMC/Consultant.In the event of the contractor failing to comply with these conditions of Contract is liable to be terminated at any stage and / or an amount equal to one halfpercent of contract amount of whole work over s...

Completion Certificates means, collectively, the Completion Certificates in the form of Exhibits W-1, W-2, W-3, W-4, W-5, W-6, W-7, and W-8 to the Disbursement Agreement to be delivered by the Company, the Construction Consultant, the Project Architect, the Prime Contractor, the Golf Course Designer, the Aqua Theater Designer, the Golf Course Contractor and the Parking Structure Contractor, respectively.

Examples of Completion Certificates in a sentence

• For all projects where Substantial Completion Certificates have been issued for various portions of the Work, at differing times, the Contractor shall request and the Owner shall, prior to final payment, issue a Certificate of Final Completion which certifies that all required Work, including punch list items, has been completed in accordance with the Contract Documents.

• If any tenderer fails to produce the original hard copies of the documents like Completion Certificates and any other documents on demand of the Tender Evaluation Committee within a specified time frame or if any deviation is detected in the hard copies from the uploaded soft copies, it may be treated as submission of false documents by the tenderer and action may be referred to the appropriate authority for prosecution as per relevant IT Act.

• It is assumed all necessary Local Authority and other consents have been obtained for alterations and the appropriate documentation, including Building Warrants and Completion Certificates issued.

• Completion Certificate(s) submitted by the bidder should indicate the gross value of the 100% completed work only.

• In case, the Contractors have multiple documents under the same type (e.g. multiple Work Completion Certificates) as mentioned above, the Contractors advised to either create a single .pdf file of all the documents of same type or compress the documents in a single compressed file in .zip or .rar formats and upload the same.

More Definitions of Completion Certificates

Completion Certificates means the Scheduled Project Phase Completion Certificates and the Technical Completion Certificates.

Completion Certificates means, collectively, the forms of certificates relating to Completion which shall be in a form satisfactory to the Borrower, the Administrative Agent, and the Independent Technical Consultant.

Completion Certificates means, collectively, the Economic Completion Certificate and the Mechanical Completion Certificate.

Completion Certificates means the certificate to be issued by the Engineer- in-charge, when the works have been completed to his satisfaction.

Completion Certificates means, collectively, the completion certificates from the Borrower substantially in the forms set forth in Schedule 18 signed by a Responsible Officer of the Borrower, as reviewed and approved (where applicable) by the Independent Technical Consultant.

Completion Certificates means, collectively, with respect to each Project, the Completion Certificates substantially in the form of Exhibits T-1, T-2, T-3, T-4, T-5, T-6, T-7, T-8, T-9 and T-10 to the Disbursement Agreement to be delivered by the Company, the Construction Consultant, the Project Architects, the Primary Contractors, the Phase I Golf Course Designer, the Phase I Aqua Theater and Showroom Designer, the Phase I Golf Course Contractor, the Phase I Parking Structure Contractor, the Phase II Major Architects and the Phase II Major Contractors, as the case may be, relating to Completion of each Project.

Completion Certificates has the meaning set forth in Section 6.7.