Examples of EPC Contract in a sentence
Any failure of the Authority Engineer in notifying to Employer and the Contractor on non- compliance of the provisions of the EPC Contract Agreement and other schedules by the EPC Contractor, non-adherence to the provision of ToR and non- adherence to the time schedule prescribed under ToR shall amount to non- performance.
In view of the above, the Directors are of the view that the terms and conditions of the EPC Contract are fair and reasonable and the transactions contemplated thereunder are entered into on normal commercial terms and in the interests of the Company and the Shareholders as a whole.
Performance guarantee: Under the EPC Contract, Shanxi Electric Power Design Institute shall provide a letter of performance guarantee issued by a qualified bank with an amount equivalent to 10% of the contract sum under the EPC Contract, to guarantee the due performance by Shanxi Electric Power Design Institute of its obligations under the EPC Contract.
Float tenders under EPC Contract Mode for work & bid management process.
The EPC Contract will enable the Company to further expand its scale of business in the photovoltaic industry through the construction of quality photovoltaic power project so as to enhance returns to the Shareholders.