Plant and Equipment definition

Plant and Equipment means permanent plant, equipment, machinery, apparatus, articles and things of all kinds to be provided and incorporated in the Facilities by the Contractor under the Contract (including the spare parts to be supplied by the Contractor under GCC Sub-Clause 3.3 hereof), but does not include Contractor’s Equipment.
Plant and Equipment means permanent plant, equipment, machinery, apparatus, systems, articles and things of all kinds to be provided by the Contractor under the Contract including the spare parts, tools & tackles to be supplied by the Contractor.
Plant and Equipment means all materials, plant, equipment, tools, vehicles and machinery necessary and incidental to the performance of the Contractor’s obligations under this Contract.

Examples of Plant and Equipment in a sentence

  • Property, Plant and Equipment: Property, plant and equipment is stated at cost.

  • When the use of a property changes such that it is reclassified as Property, Plant and Equipment, its fair value at the date of reclassification becomes its cost for subsequent accounting.

  • IAS 16 Clarification of Acceptable Methods 1 January 2016 of Depreciation and AmortisationAmendments to IAS 1 The amendments clarify the principle in IAS 16 Property, Plant and Equipment that revenue reflects a pattern of economic benefits that are generated from operating a business (of which the asset is part) rather than the economic benefits that are consumed through use of the asset.

  • The Contractor shall arrange to despatch the Plant and Equipment by rail or road, to the site as the case may be, the Engineer being the consignee.

  • In accordance with IAS 16 – Property, Plant and Equipment, the Group’s owned and leased aircraft are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of the aircraft may not be recoverable.


More Definitions of Plant and Equipment

Plant and Equipment means permanent plant, equipment, machinery, apparatus, articles and things of all kinds to be provided and incorporated in the Facilities by the Implementing Partner under the Contract (including the spare parts to be supplied by the Implementing Partner under GCC Sub-Clause 7.3 here-of), but does not include Implementing Partner’s Equipment.
Plant and Equipment means permanent plant, equipment, machinery, apparatus, systems, articles and
Plant and Equipment means the goods specified in the Schedule and includes but is not limited to any item of plant, machinery or vehicle, and any tools, accessories, parts, items of equipment and devices affixed to or supplied with such plant, equipment, machinery or vehicle let by the Owner to a Hirer; and
Plant and Equipment means permanent plant, equipment, machinery, apparatus, articles and things of all kinds to be provided and incorporated in the Facilities by the Contractor under the Contract, but does not include Contractor’s Equipment.
Plant and Equipment means the plant and equipment hired to you by us, including any substitutions, replacements and additions made in accordance with the terms of this Agreement and any manuals, accessories or other items supplied with the Plant and Equipment.
Plant and Equipment means the plant and equipment used in connection with the provision of any Services or the heating, cooling, lighting, power or plumbing for the Leased Premises.
Plant and Equipment shall have the meaning given in Section 3.16(b).