Examples of Contractor Framework Agreement in a sentence
Where the relevant Development Business Plan as updated pursuant to Clause 18.8.9 provides for LLC to be appointed under a PCSA in respect of either a proposed Vertical Works Contract and/or a proposed Horizontal Works Contract for a relevant Phase, then the HDV or the relevant HDV Party (as applicable) shall proceed to duly execute and deliver the relevant PCSA in accordance with Clause 2.5 of the Contractor Framework Agreement.
If all members of the Independent Verification Team and the Development Solicitor support the adoption of the relevant proposed update to the relevant Development Business Plan in its entirety, then the proposed Procurement Recommendation contained therein shall be a Procurement Recommendation for the purposes of Clause 2.1 of the Contractor Framework Agreement.
In the event that the Contractor Framework Agreement is terminated, then the provisions of this Clause 18.8 shall cease to apply.
Where the relevant Development Business Plan as updated pursuant to Clause 18.8.9 provides for LLC to be given the opportunity to seek the award of a Vertical Works Contract or a Horizontal Works Contract for a relevant Phase, then HDV shall offer LLC the opportunity to seek the award of the same pursuant to and in accordance with the Contractor Framework Agreement.
On the Effective Date, the HDV shall enter into the Contractor Framework Agreement with LLC.
At PB stage the Council and LL will agree standard form construction documents to be attached to the Contractor Framework Agreement as templates for procurement when LLC is appointed (to include pre-construction services agreement, forms of main building contract (e.g. design & build and construction management), forms of warranty/third party rights and performance security packages.
It is also important to stress that – even for those construction contracts fulfilled by Lendlease construction – Lendlease will act as a Tier 1 contractor only; sub- contracts (and the margins associated with them) would pass down the supply chain, including to local businesses as set out in the Contractor Framework Agreement.
The Contractor Framework Agreement will set out a set of construction KPIs, again based on market norms, which will – as well as determining the deductions/incentives paid under construction contracts – determine whether Lendlease Construction retains its right to 60% of vertical build contracts (and related infrastructure) as stipulated in the Agreement.
The BPMs for these concepts are relatively well- established and have the advantage of being based on actual purchases.
Attachment(s): ▪ Official Species List07/31/2019 Event Code: 05E1NE00-2019-E-06323 1 Official Species ListThis list is provided pursuant to Section 7 of the Endangered Species Act, and fulfills the requirement for Federal agencies to "request of the Secretary of the Interior information whether any species which is listed or proposed to be listed may be present in the area of a proposed action".