EPCC Contract definition
Examples of EPCC Contract in a sentence
Any arithmetical error or any errors in the prices and rates shall be corrected and/or rationalised by MRCB Land or the project director appointed under the EPCC Contract without any change to the contract sum before the signing of the EPCC Contract.
The final EPCC Contract Sum shall be calculated in accordance with the final account provisions of the EPCC Contract(s).
The contract sum is a fixed price lump sum and is not subject to re- measurement, recalculation, adjustment or alteration in any way whatsoever, other than in accordance with the express provisions of the EPCC Contract.
Such charges have been estimated at a rate of 11.0% of the EPCC Contract Sum, which is a rate adopted by BJSP.
If the same is not remedied, the Management Contractor shall be entitled, without prejudice to any other rights or remedies it may possess against the Contractor under the EPCC Contract or at law, to claim and recover from the Contractor any payment for any loss and/or damages suffered or any other expenses incurred as a result thereof.
Apart from the EPCC Contract and as part of the JVA, SDIL will be appointed as the O&M operator under the O&M Agreement for a period of 10 years plus additional 5 years which will enable SDIL to benefit from a steady income flow in the long term.
The Employer shall pay the Management Contractor the Professional Fees and the EPCC Contract Sum, together with all GST payable thereon for the EPCC Works and the Management Contractor shall in turn pay all such sums to the consultants and the Contractor in accordance with the provisions of the letters of appointment of such consultants and the EPCC Contract(s) respectively.
If the EPCC Contract Sum is subject to GST, the Management Contractor shall be liable for the payment of such GST at the prevailing rate.
Such charges have been estimated at a rate of 2.6% of the EPCC Contract Sum, which is a rate adopted by KSSB.
MRCB Land shall pay the Contractor the sum as stated in the letter of acceptance, or such other sum as shall become payable under and at the times and in the manner specified in the EPCC Contract.