Guaranteed Interim Production Quantity definition
Guaranteed Interim Production Quantity is the quantity of Satisfactory Desalinated Water that the Contractor guarantees to deliver and the Corporation guarantees to accept over a period of 24 consecutive hours during the Construction Period as specified in Clause 5.1(i).
Examples of Guaranteed Interim Production Quantity in a sentence
For example, if the Contractor fails to produce the Guaranteed Interim Production Quantity of Satisfactory Desalinated Water fifty three (53) weeks after the issuance of the Authorization to Proceed and previously also failed to produce the specified Guaranteed Interim Production Quantity twenty six (26) weeks after the issuance of the Authorization to Proceed, the amount of liquidated damages per day shall be the sum of $3,600 and $5,760.