Examples of Contract Value in a sentence
The works for the time being executed to the estimated current Contract value thereof, or such additional sum as may be specified together with the materials for incorporation in the works at their replacement value.
Contract value not exceedingFour monthsfrom the date ofRs.5 lakhs acceptance of Final bill by the Engr-in-charge(b) Contract value exceedingSix month--- do -----Rs.5 lakhs Provided the Contractor has furnished all required documents in accordance to clause 6.6. The period of release of fund shall be counted from the date of compliance of last documents or formalities.
Liquidated damages are limited up to 10% (ten percent) of the total Contract value.
The aforesaid risk shall be covered by insurance as per Clause5.13.5 This shall be applicable when Contract value is more than one crore.
Any expenses incurred for the contribution, making contributions or maintaining records shall be to the Contractor or subcontractor’s account.The Owner shall retain such sum as may be necessary from the total Contract value until the Contractor shall furnish satisfactory proof that all contributions as required by the employees State Insurance Act, 1948, have been paid.