Capital Spare Parts Sample Clauses
The Capital Spare Parts clause defines the terms and conditions under which major replacement parts, often high-value or long-lead items essential for the ongoing operation of equipment, are provided or maintained. Typically, this clause specifies which parts are considered 'capital' spares, outlines responsibilities for their supply, storage, and ownership, and may address issues such as lead times for delivery or cost allocation between parties. Its core practical function is to ensure that critical spare parts are readily available to minimize downtime and maintain operational continuity, thereby reducing the risk of extended outages due to equipment failure.
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Capital Spare Parts. Capital Spare Parts are spare parts with a low probability of use, which typically have long procurement times and significant cost, and are critical to the Plant operation in terms of safety or lost production. Capital Spare Parts are classified as part of the Project capital investment and valued as part of the asset. Capital Spare Parts are non-depreciable and are not treated as normal inventory. Capital Spare Parts can be refurbished to an “as new” condition.
Capital Spare Parts. Prior to and as a condition precedent to Substantial Completion of each Subproject, Contractor shall deliver to the Site all capital spare parts listed in Schedule W-2, and the cost associated with all Work related to such capital spare parts is included in the Contract Price, including the actual out-of-pocket purchase price of such spare parts, plus profit and markup.
Capital Spare Parts. Prior to and as a condition precedent to Substantial Completion, Contractor shall deliver to the Site all the Capital Spare Parts that pertain to Train 3. Such Capital Spare Parts are listed in Attachment W, and the cost associated with all Work related to such Capital Spare Parts is included in the Contract Price, including the cost of procurement of such spare parts and the actual out-of-pocket purchase price of such spare parts. To the extent that Contractor desires to use any Capital Spare Parts, Contractor must obtain Owner’s prior approval, not to be unreasonably withheld, and replace all such spare parts in new and unused condition as a condition of Substantial Completion unless otherwise approved by Owner. Capital Spare Parts shall be treated, as applicable, as Equipment or as a component of the Aggregate Labor and Skills Price.
Capital Spare Parts. From the Service Commencement Date and for the remainder of the Term thereafter, Operator shall procure, store, maintain and administer the Consumables, Spare Parts and any Capital Spare Parts, in accordance with the applicable O&M Budget then in effect; provided that during the twelve (12) months following the Service Commencement Date, Owner shall be responsible for the procurement of any additional Consumables, Spare Parts and Capital Spare Parts approved in accordance with Section 4.2(j) (Operator Responsibilities – Consumables,
Capital Spare Parts. Prior to Final Completion, Contractor shall deliver to the Site all the Capital Spare Parts that pertain to such Train. Such Capital Spare Parts are listed in Attachment W, and the cost associated with all Work related to such Capital Spare Parts is included in the Capital Spare Parts Provisional Sum (which is part of the Contract Price, provided that at the Effective Date, the Capital Spare Parts Provisional Sum is equal to *** U.S. Dollars (U.S.$ ***), including the cost of procurement of such spare parts, the transportation, preservation and handling costs of such spare parts and the actual out-of-pocket purchase price of such spare parts. To the extent that Contractor desires to use any Capital Spare Parts, Contractor must obtain Owner’s prior approval, not to be unreasonably withheld, and promptly replace all such spare parts, unless otherwise approved by Owner.
Capital Spare Parts. Within one hundred eighty (180) Days after the Commencement Date, PSGC shall prepare and deliver to Contractor a plan for the acquisition of capital spare parts for the Facility. Such plan will, at a minimum, set forth the list of capital spare parts to be purchased and the dates on which such spare parts should be delivered to the Facility Site so that they are available for Contractor’s use during the Startup Period of each Unit. Contractor shall review such plan and provide comments to PSGC within thirty (30)
Capital Spare Parts. Capital Improvements) shall in no way constitute an obligation by any of PREB, Owner or Administrator to agree to or pursue any Operator-owned capital improvement or require Owner or Administrator to pay for or reimburse the cost or expenses of pursuing any proposed Operator- owned capital improvement or an obligation of Operator to propose or pursue any Operator-owned capital improvement.
Capital Spare Parts. Contractor shall, as part of the Work, procure the spare parts identified on Appendix TT (the “Capital Spare Parts”). If during further development of the design and engineering of the project and during procurement, Contractor or Owner determines that additional, fewer or different Capital Spare Parts would be appropriate or are necessary, the Parties shall notify each other, discuss the reasons for the change and update the list of Capital Spare Parts as agreed by Owner. In no event shall Contractor update, modify or change the list of Capital Spare Parts except as agreed in writing by Owner. At FNTP, Contractor shall deliver to Owner detailed information regarding each proposed Capital Spare Part with respect to its procurement (including the manufacturer, ordering contact information, complete item description, pricing, part number, quantity ordered or to be ordered, including components and systems of such Equipment). Contractor shall notify Owner no less than ten (10) Days in advance of when Contractor will place Purchase Orders for the procurement of any Capital Spare Parts, identifying which Capital Spare Parts are being ordered and quantities, and the date on which such Purchase Order is scheduled to be issued. If Owner notifies Contractor that Owner does not want to purchase a Capital Spare Part no later than three (3) Business Days before such Purchase Order is scheduled to be issued, Contractor shall not include such Capital Spare Parts in its applicable Purchase Orders. The cost associated with all Work related to the procurement of the Capital Spare Parts is included in the Contract Price, along with a provisional sum for the estimated purchase price and delivery costs of such Capital Spare Parts as set forth in Appendix C. In the event the actual purchase price and delivery costs of the Capital Spare Parts differs from the provisional sum set forth in Appendix C, Contractor shall submit a Change Order request to Owner in accordance with Section 8.3.1(b). The Capital Spare Parts shall be delivered to the Site (or to another location reasonably requested by Owner) as a condition of Substantial Completion, but in any event no earlier than sixty (60) Days before the scheduled Substantial Completion Date. Contractor shall maintain, and update as necessary, a spreadsheet listing all of the Capital Spare Parts ordered and delivered, that includes detailed information regarding the Capital Spare Parts delivered, including the manufacturer, complete ...