Final Payment Statement definition

Final Payment Statement shall have the meaning set forth in Clause 19.13;

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Final Payment Statement means the statement defined in Sub-Clause 14.11 [Application for Final Payment Certificate].

Final Payment Statement shall have the meaning set forth in Clause 19.13; “Force Majeure” or “Force Majeure Event” shall have the meaning ascribed to it in Clause 21.1; “GAD” or “General Arrangement Drawings” shall have the meaning set forth in Clause 3.1 (iii) (b); “GOI” or “Government” means the Government of India; “Good Industry Practice” means the practices, methods, techniques, designs, standards,skills,diligence,efficiency,reliabilityandprudencewhicharegenerallyand reasonably expected from a reasonably skilled and experienced contractor engaged in the same type of undertaking as envisaged under this Agreement and which would be expected to result in the performance of its obligations by the Contractor in accordance with this Agreement, Applicable Laws and Applicable Permits in reliable, safe, economical and efficientmanner; Contract AgreementPage 20 of 160 “Widening / Improvement to 4 (Four) Lane with Paved Shoulder configuration of existing single lane road from Srirampur (near Bhairiguri Village) to Kachukhana Harichara Paglagaunj (Package-I)

Examples of Final Payment Statement in a sentence

• If the Authority’s Engineer disagrees with or cannot verify any part of the Final Payment Statement, the Contractor shall submit such further information as the Authority’s Engineer may reasonably require.

• Upon submission of the Final Payment Statement for Works under Clause 19.13, the Contractor shall give to the Authority, with a copy to the Authority’s Engineer, a written discharge confirming that the total of the Final Payment Statement represents full and final settlement of all monies due to the Contractor in respect of this Agreement for all the Works arising out of this Agreement, except for any monies due to either Party on account of any Defect.

• The Authority shall make payment on the basis of the final payment authorised by the Authority’s Engineer within a period of 30 (thirty) days of the receipt of the Final Payment Statement from the Authority’s Engineer.

• Upon submission of the Final Payment Statement under Clause 17.10, the Contractor shall give to the Authority, with a copy to the Authority Engineer, a written discharge confirming that the total of the Final Payment Statement represents full and final settlement of all monies due to the Contractor in respect of this Agreement for all the Works arising out of this Agreement, except for any monies due to either Party on account of any Defect.

• If the Authority‟s Engineer disagrees with or cannot verify any part of the Final Payment Statement, the Contractor shall submit such further information as the Authority‟s Engineer may reasonably require.

• Upon submission of the Final Payment Statement for Works under Clause 19.13, the Contractor shall give to the Authority, with a copy to the Authority‟s Engineer, a written discharge confirming that the total of the Final Payment Statement represents full and final settlement of all monies due to the Contractor in respect of this Agreement for all the Works arising out of this Agreement, except for any monies due to either Party on account of any Defect.

• Within ten (10) working days from the receipt of the Customer’s objections, the Supplier shall reach a documented decision, finalize the payment amounts and notify to the Customer a Final Payment Statement and consumption data history, setting a payment deadline of at least ten (10) working days and in any case, not earlier than the payment deadline of the Consumption ▇▇▇▇ under dispute.

• If the Authority Engineer disagrees with or cannot verify any part of the Final Payment Statement, the Contractor shall submit such further information as the Authority Engineer may reasonably require.

• Upon submission of the Final Payment Statement under Clause 17.10, the Contractor shall give to the Authority, with a copy to the Authority Engineer, a written discharge confirming that the totalof the Final Payment Statement represents full and final settlement of all monies due to the Contractor in respect of this Agreement for all the Works arising out of this Agreement, except for any monies due to either Party on account of any Defect.

• Upon submission of the Final Payment Statement for Works under Clause 19.13, the sub-Contractor shall give to the Employer, a written discharge confirming that the total of the Final Payment Statement represents full and final settlement of all monies due to the Contractor in respect of this Agreement for all the Works arising out of this Agreement, except for any monies due to either Party on account of any Defect.

More Definitions of Final Payment Statement

Final Payment Statement shall have the meaning set forth in Clause 19.13; “Force Majeure” or “Force Majeure Event” shall have the meaning ascribed to it in Clause 21.1; “GAD” or “General Arrangement Drawings” shall have the meaning set forth in Clause 3.1 (iii) (b); “GOI” or “Government” means the Government of India; “Good Industry Practice” means the practices, methods, techniques, designs, standards,skills,diligence,efficiency,reliabilityandprudencewhicharegenerallyand reasonably expected from a reasonably skilled and experienced contractor engaged in the same type of undertaking as envisaged under this Agreement and which would be expected to result in the performance of its obligations by the Contractor in accordance with this Agreement, Applicable Laws and Applicable Permits in reliable, safe, economical and efficientmanner; “Government Instrumentality” means any department, division or sub- division of the Government or the State Government and includes any commission, board, authority, agency or municipal and other local authority or statutory body including Contract AgreementPage 19 of 149 “Development and Up-gradation of 4 laning of Jamugurihat to end of Biswanath Chariali By-Pass from Km 182.000 to Km 208.000 of NH -52 in the state of Assam in Engineering, Procurement & Construction (EPC) basis. ” Jan 2023 panchayat under the control of the Government or the State Government, as the case may be, and having jurisdiction over all or any part of the Project Highway or the performance of all or any of the services or obligations of the Contractor under or pursuant to this Agreement; “Handover Memorandum” shall have the meaning set forth in Clause 8.2; “IRC” means the Indian Roads Congress; “Indemnified Party” means the Party entitled to the benefit of an indemnity pursuant to Article 25; “Indemnifying Party” means the Party obligated to indemnify the other Party pursuant to Article 25; “Indirect Political Event” shall have the meaning set forth in Clause 21.3; “Insurance Cover” means the aggregate of the maximum sums insured under the insurance taken out by the Contractor pursuant to Article 20, and includes all insurances required to be taken out by the Contractor under Clauses 20.1 and 20.9 but not actually taken, and when used in the context of any act or event, it shall mean the aggregate of the maximum sums insured and payable or deemed to be insured and payable in relation to such act orevent; “Intellectual Property” means all patents, trademarks, service marks, logo...

Final Payment Statement means the statement defined in Sub-Clause 14.11 [Application for Final Payment Certificate]. 1.1.4.6 “Foreign Currency” means a currency in which part (or all) of the Contract Price is payable, but not the Local Currency. 1.1.4.7 “Interim Payment Certificate” means a payment certificate issued under Clause 14 [Contract Price and Payment], other than the Final Payment Certificate. 1.1.4.8 “Local Currency” means the currency of the Country. 1.1.4.9 “Payment Certificate” means a payment certificate issued under Clause 14 [Contract Price and Payment]. 1.1.4.10 “Provisional Sum” means a sum (if any) which is specified in the Contract as a provisional sum, for the execution of any part of the Works or for the supply of Plant, Materials or services under Sub-Clause 13.5 [Provisional Sums]. 1.1.4.11 “Retention Money” means the accumulated retention moneys which the Employer retains under Sub-Clause 14.3 [Application for Interim Payment Certificate] and pays under Sub-Clause 14.9 [Payment of Retention Money]. 1.1.4.12 “Statement” means a statement submitted by the Contractor as part of an application, under Clause 14 [Contract Price and Payment], for a payment certificate.

Final Payment Statement shall have the meaning set forth in Clause 19.13; “Force Majeure” or “Force Majeure Event” shall have the meaning ascribed to it in Clause 21.1;

Final Payment Statement shall have the meaning set forth in Clause 19.13; “Force Majeure” or “Force Majeure Event” shall have the meaning ascribed to it in Clause 21.1; “GAD” or “General Arrangement Drawings” shall have the meaning set forth in Clause 3.1 (iii) (b); “GOI” or “Government” means the Government of India; “Good Industry Practice” means the practices, methods, techniques, designs, standards,skills,diligence,efficiency,reliabilityandprudencewhicharegenerallyand reasonably expected from a reasonably skilled and experienced contractor engaged in the same type of undertaking as envisaged under this Agreement and which would be expected to result in the performance of its obligations by the Contractor in Contract AgreementPage 20 of 159 Widening & Upgradation to 4-lane with paved shoulder from km 16.700 (end of Seer Hamdan Bypass) to km 39.450 (start of Pahalgam Bypass), Package-II of Khanabal - Pahalgam - Chandanwadi - Baltal section of NH-501 in the UT of Jammu & Kashmir on EPC Mode January’ 2024