Examples of Defects Liability Period in a sentence
The Defects Liability Period shall be extended for as long as Defects remain to be corrected.
Payments of final bill shall be made after deduction of Retention Money as specified, which shall be refunded after the completion of the Defects Liability Period provided the contractor has rectified all defects to the satisfaction of the Bank.
Final Account 56.1 The Contractor shall supply the Project Manager with a detailed account ofthe total amount that the Contractor considers payable under the Contract before the end of the Defects Liability Period.
The hindrances due to above events shall not be considered as a compensationevent.C. Quality ControlGCC 35.1The Defects Liability Period is: 18 months.D. Cost ControlGCC 44.1 (l)Other Compensation Events are: NoneGCC 45.1In case of certain Tax exemptions, such as in foreign assistance projects, this specific exemption(s)should be clearly specified in this clause.
The bank guarantee shall be valid until the issue of a No Defects Liability Certificate by the Employer after the end of the Defects Liability Period and subject to the certification by the Project Manager that all defects notified by the Project Manager to the Contractor have been rectified to his satisfaction before the end of this period.