Turnkey Construction definition

Turnkey Construction. Where the ability to select the turnkey contractor is within the Joint Venture's control, the Management Committee shall provide to DBP or an affiliate thereof the first opportunity to negotiate a turnkey construction contract for each such Project, provided that the contract meets customary industry standards and the pricing of such preferred contract is on terms no less favorable to the project than as are obtainable from an unrelated party. DBP or such affiliate shall provide completion and performance guarantees and appropriate security (e.g. letter of credit, guarantee, bond) reasonably required, if at all, by project finance lenders or other third party Project participants to secure performance of its contractual obligations. Prior to entering into the turnkey contract, NWP and DBP or such affiliate shall jointly (i) agree upon the technical/systems/vendors to be utilized, taking into account market conditions and project financing requirements (it being recognized that where possible Groupe MIL shall be utilized to provide turbines and towers) and (ii) price and select items of equipment whose value exceeds $250,000.
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Examples of Turnkey Construction in a sentence

  • Assignor desires to assign its rights and obligations under the Turnkey Construction Agreement to Assignee and Assignee desires to assume such rights and obligations.

  • Contract Characteristics Operational Service Contract Turnkey Construction Architectural Engineering Acquisition of Rolling Stock Professional Services I State Grantees a.

  • If Tenant approves such written estimate and if such cost is in excess of Landlord’s estimate of the Turn-key Construction Costs, Tenant shall accompany such approval with a good check made payable to the order of Landlord in the amount of the estimated cost of preparing the Change Order and performing the work thereto, and the foregoing shall constitute Landlord’s authorization to proceed.

  • Except for the Approvals and Permits to be maintained by Owner pursuant to Section 3.5 hereof or to be provided by the Construction Contractor pursuant to either Turnkey Construction Agreement, no consent (except consents, if any, obtained prior to the date hereof) of any person, and no Approval and Permit of, exemption by, notice or report to, or registration, filing or declaration with, any Person, is or will be required, in connection with its execution, delivery and performance of this Agreement.

  • Except for Approvals and Permits required to be maintained by owner pursuant to Section 3.5, or to be provided by the Construction Contractor pursuant to either Turnkey Construction Agreement, no consent (except consents, if any, obtained prior to the date hereof) of any Person, an no Approval and Permit of, exemption by, notice or report to, or registration, filing or declaration with, any Person, is or will be required, in connection with its execution, delivery and performance of this Agreement.

  • Contract Characteristics Operation al Service Contract Turnkey Construction Architectural Engineering Acquisition of Rolling Stock Professional Services I State Grantees a.

  • Construction Contractor means PQR or such consortium as may be formed by PQR for the performance of the Works (as defined in the Turnkey Construction Contract) in accordance with the terms of the Turnkey Construction Contract.

  • Contract Characteristic s Operation al Service Contract Turnkey Construction Architectur al Engineerin g Acquisitio n of Rolling Stock Profession al Services I State Grantees a.

  • The amount of the Mobilization Fee and the Fixed Fee is calculated on the assumption that the Power Station will comply with the specification contained in the Turnkey Construction Contract and that coal supplied as fuel for the Power Station will have the handling characteristics and composition specified in the heads of terms of the Coal Supply Contracts in existence at the date of this Agreement and in the Power Purchase Agreement.

  • Name of company expressly waiving confidential status of material ▇▇▇ ▇▇▇▇▇ VP Major Projects Printed Name and Title of authorized company officer expressly waiving confidential status of material ▇▇▇▇ ▇▇▇▇▇▇ ▇▇, Chehalis WA 98532 425-754-4108 City State ZIP Phone _________________ Signature Date 3/16/2018 Address Pacific Mobile Structures The Leader in Turnkey Construction.