COMMENCEMENT AND COMPLETION OF THE WORKS Sample Clauses

COMMENCEMENT AND COMPLETION OF THE WORKS. 28.1 To the extent that the Seller has not already done so, the Seller shall not be obliged to commence with the Works before registration of the Erf in favour of the Purchaser as envisaged in terms of the Agreement, but he shall however not be obliged to commence the Works until: 28.1.1 the whole of the Construction Cost and transfer cost have been paid to the Attorneys or have been guaranteed as provided for in clause 6.5 above; 28.1.2 and that the Purchaser attended to the signature of all transfer documents and on the payment to the Attorney of funds securing the Purchase Price and payment of the Transfer Cost; 28.1.3 and all necessary consents, approvals and/or registrations from all relevant authorities have been obtained. 28.2 If commencement of the Works is delayed for longer than a period of 90 (Ninety) Business Days as from Date of Signature hereof for any reason other than a reason attributable to the fault and/or omission of the Seller, then the Seller shall be entitled in its sole discretion to resile from this Agreement, with neither party having any further claim against one another or alternatively the Seller, in his sole discretion, may claim an adjustment to the Construction Cost in accordance with any increases in the cost of material and/or labour which might in the interim have occurred. If the Parties do not agree to the adjustment to the Construction Cost, then a Quantity Surveyor appointed by the Seller shall determine the dispute and the Quantity Surveyor’s determination shall be final and binding on the Parties. 28.3 Subject to any extensions permitted in terms of Clause 28.4, the Seller shall complete the Works within 180 (One Hundred And Eighty) Business Days after commencement. 28.4 If the commencement or completion of the Works is delayed for any cause whatsoever beyond the Seller’s control or if any building industry holidays, whether statutory or recognized generally as customary in the industry, fall within the contract period, then the Seller shall be entitled to a fair and reasonable extension of time for the completion of the Works and the Purchaser shall not for that reason have any claim against the Seller for damages or otherwise. 28.5 The issue by the Local Authority of the Occupation Certificate shall constitute complete proof of the satisfactory completion of the Works by the Seller and the Seller shall, apart from the specific obligation placed on the Seller in terms of the NHBRC and such additional and specific u...
AutoNDA by SimpleDocs
COMMENCEMENT AND COMPLETION OF THE WORKS. 7.1 The Contractor shall not be obliged to commence with the Works until: 7.1.1. The Employer has furnished adequate security to the Contactor's satisfaction for the Total Contract Price; and 7.1.2. All necessary consents, approvals and/or registrations from all relevant authorities have been obtained; and 7.1.3. The Property is registered in the name of the Employer and the Employer's bond (if applicable) has been registered. 7.2 The Contractor must complete the Works, subject to any extension of time as provided for in this Agreement, within a period of 150 (One Hundred & Fifty) Business Days after the Commencement Date. If commencement of the Works is delayed for longer than 150 (One Hundred and Fifty) Business Days’ from transfer of the property to the Employer for any reason other than a reason attributable to the fault and/or omission of the Contractor, then the Contractor shall be entitled, in its sole discretion, to resile from this Agreement with neither party having any further claim against one another. Alternatively the Parties may agree to an amended Total Contract Price. 7.3 If the commencement or completion of the Works is delayed for any cause whatsoever beyond the Contractor's control then the Contractor shall be entitled to a fair and reasonable extension of time for the commencement or completion of the Works. 7.4 All amounts due and unpaid shall be payable by the Employer on the Completion Date.
COMMENCEMENT AND COMPLETION OF THE WORKS. 7.1 The Contractor shall not be obliged to commence with the Works until: 7.1.1. the Employer has furnished adequate security to the Contactor's satisfaction for the Total Contract Price; and 7.1.2. all necessary consents, approvals and/or registrations from all relevant authorities have been obtained; and 7.1.3. the Property is registered in the name of the Employer and the Employer's bond (if applicable) has been registered. 7.2 If commencement of the Works is delayed for longer than 180 (one hundred and eighty) Business Days from the Signature Date for any reason other than a reason attributable to the fault and/or omission of the Contractor, then the Contractor shall be entitled, in its sole discretion, to resign from this Agreement with neither party having any further claim against one another. Alternatively the Parties may agree to an amended Total Contract Price. 7.3 If the commencement or completion of the Works is delayed for any cause whatsoever beyond the Contractor's control then the Contractor shall be entitled to a fair and reasonable extension of time for the commencement or completion of the Works. 7.4 All amounts due and unpaid shall be payable by the Employer on the Completion Date.
COMMENCEMENT AND COMPLETION OF THE WORKS. 13.1 The Contractor shall not be obliged to commence with the Works until: 13.1.1 the Purchaser has furnished adequate security to the Seller's satisfaction for the Total Purchase Price; and 13.1.2 all necessary consents, approvals and/or registrations from all relevant authorities have been obtained. 13.2 The Contractor will endeavour to complete the Works as close as possible to the Completion Date, subject to the terms and conditions of this Agreement. 13.3 If the Completion Date is delayed beyond the estimated completion date as referred to in Clause 2.12 of the Covering Schedule, the Parties hereby agree that the Total Purchase Price will increase from the Escalation Date until the Transfer Date, at the rate of 8% (Eight) per year, calculated pro rata, and payable by the Purchaser to the Seller on the Transfer Date. INITIAL 13.4 If the commencement or completion of the Works is delayed beyond the estimated completion date as referred to in Clause 2.12 of the Covering Schedule, for any reason or cause whatsoever beyond the Seller and/or the Contractor's control or if any building industry holidays, whether statutory or recognised generally as customary in the industry, rain days or strikes fall within the contract period, then the Seller and the Contractor shall be entitled to a fair and reasonable extension of time for the completion of the Works and the Purchaser shall not for that reason have any claim against the Seller and/or the Contractor for damages or otherwise, and shall be obliged to pay the escalation on the Total Purchase Price, as provided for in Clause 13.3 of this Agreement, on the Transfer Date.
COMMENCEMENT AND COMPLETION OF THE WORKS. 13.1 The Contractor shall not be obliged to commence with the Works until: 13.1.1 the Purchaser has furnished adequate security to the Seller's satisfaction for the Total Purchase Price; and 13.1.2 all necessary consents, approvals and/or registrations from all relevant authorities have been obtained. INITIAL 13.2 If the Completion Date is delayed beyond the estimated completion date as referred to in Clause 4.1 of the Covering Schedule, the Parties hereby agree that the Total Purchase Price will increase from the Escalation Date until the Transfer Date, at the rate of 6% (Six) per year, calculated pro rata, and payable by the Purchaser to the Seller on the Transfer Date. 13.3 If the commencement or completion of the Works is delayed beyond the estimated completion date as referred to in Clause 4.1 of the Covering Schedule, for any reason or cause whatsoever beyond the Seller and/or the Contractor's control or if any building industry holidays, whether statutory or recognised generally as customary in the industry, rain days or strikes fall within the contract period, then the Seller and the Contractor shall be entitled to a fair and reasonable extension of time for the completion of the Works and the Purchaser shall not for that reason have any claim against the Seller and/or the Contractor for damages or otherwise, and shall be obliged to pay the escalation on the Total Purchase Price, as provided for in Clause 13.2 of this Agreement, on the Transfer Date.
COMMENCEMENT AND COMPLETION OF THE WORKS. 13.1 The Developer shall not be obliged to commence with the Works until: 13.1.1 the Purchaser has furnished adequate security to the Seller's satisfaction for the Purchase Price; and 13.1.2 all necessary consents, approvals and/or registrations from all relevant authorities have been obtained. 13.2 If the commencement or completion of the Works is delayed beyond the Completion Date as referred to in Clause 4.1 of the Covering Schedule, for any reason or cause whatsoever beyond the Seller and/or the Developer's control or if any building industry holidays, whether statutory or recognised generally as customary in the industry, rain days or strikes fall within the contract period, then the Seller and the Developer shall be entitled to a fair and reasonable extension of time for the completion of the Works and the Purchaser shall not for that reason have any claim against the Seller and/or the Developer for damages or otherwise.
COMMENCEMENT AND COMPLETION OF THE WORKS. 7.1 The Developer shall not be obliged to commence with the Works until: 7.1.1 the Employer has furnished adequate security to the Developer's satisfaction for the Total Contract Price; and 7.1.2 all necessary consents, approvals and/or registrations from all relevant authorities have been obtained; and 7.1.3 the Property is registered in the name of the Employer and the Employer's bond (if applicable) has been registered. 7.2 If commencement of the Works is delayed for longer than 180 (one hundred and eighty) Business Days from the Date of Registration of the property into the name of the Employer (for any reason other than a reason attributable to the fault and/or omission of the Developer) then the Developer shall be entitled, in its sole discretion, to resign from this Agreement with neither party having any further claim against one another. Alternatively the Parties may agree to an amended Total Contract Price. 7.3 If the commencement or completion of the Works is delayed for any cause whatsoever beyond the Developer's control then the Developer shall be entitled to a fair and reasonable extension of time for the commencement or completion of the Works. 7.4 All amounts due and unpaid shall be payable by the Employer on the Completion Date. 7.5 Estimated starting date: 2016.
AutoNDA by SimpleDocs
COMMENCEMENT AND COMPLETION OF THE WORKS. 4.1 The Contractor shall begin the works on the date referred to in 2.2 above, provided that it shall not be obliged to begin the works unless and until the Employer has furnished adequate proof to the satisfaction of the Contractor that the building contract price has been secured and the working drawings are approved by Council. 4.2 Subject to any reasonable extensions as agreed to in writing and further subject to the provisions of clauses 4.3 to 4.8.5 hereunder, the Contractor shall generally complete the works within 5 (Five) months from the date of commencement. 4.3 The Contractor shall in its sole discretion and at its option be entitled to postpone the date of commencement for any period of time: 4.3.1 if transfer of the land has not been registered in the name of the Employer within 6 (Six) months from date of signature hereof as a result of the Employer’s negligence, or it has become apparent that the land will not be transferred to the Employer within a reasonable period; and 4.3.2 if at any time prior to or during the construction period, circumstances arise which make it difficult or impossible for the Contractor to proceed with the works, such as political upheaval, riots, squatting, invasion, boycotts, strike, lockouts or any other situation which may be dangerous for the general safety of the Contractor or any of its workers or subcontractors (which circumstances the Contractor shall use its best endeavours to remove); in which event the Employer shall have no claim whatsoever against the Contractor to commence or complete the works or a claim for damages. 4.4 If the circumstances contemplated in 4.3. persist for a period of ninety days through no fault of the Employer, the Employer shall be entitled to terminate the contract on the expiry of the ninety day period, provided, however, that neither party shall have a claim against the other arising from such circumstances. 4.5 If completion of the works is delayed for any cause whatsoever including major, which may fall within the contract period, or in the event of any dispute, strike, lockout, squatting, invasion or other situation causing delay, then the Contractor shall be entitled to a fair and reasonable extension of time for the completion of the works and the Employer shall not for that reason have any claim against the Contractor, whether for damages or otherwise, provided that the Contractor has taken all reasonable steps to prevent such an occurrence. 4.6 If completion of the works...
COMMENCEMENT AND COMPLETION OF THE WORKS. 7.1 The Contractor shall not be obliged to commence with the Works until: 7.1.1 the Employer has furnished adequate security to the Contactor's satisfaction for the Total Contract Price; and 7.1.2 all necessary consents, approvals and/or registrations from all relevant authorities have been obtained; and 7.1.3 the Property is registered in the name of the Employer and the Employer's bond (if applicable) has been registered. 7.1.4 the boundary pegs of the property are located and pointed out to the Contractor; 7.1.5 the Employer has provided the Paymaster ESI with signed building Progress Payment (draw) forms in favour of the Contractor to enable the Contractor to receive payments. 7.2 The Contractor undertakes to complete the construction of the Works within 24 (Twenty Four) weeks from the date on which the Property is registered in the name of the Employer, or such date as agreed upon the parties and the Developer. If the commencement or completion of the Works is delayed for any cause whatsoever beyond the Contractor's control, then the Contractor shall be entitled to a fair and reasonable extension of time for the commencement or completion of the Works. 7.3 All amounts due and unpaid shall be payable by the Employer on the Completion Date.
COMMENCEMENT AND COMPLETION OF THE WORKS. 10.1 The Contractor agrees to commence carrying out the Works on the Commencement Date and achieve the Milestones by the Milestone Dates and Practical Completion of the Works by the Target Practical Completion Date. 10.2 The Contractor will (within 7 days of the date of this Contract or such longer period as the University’s Contract Manager may allow) provide the University with a program for the carrying out of the Works in order to achieve the Milestones by the Milestone Dates and Practical Completion by the Target Practical Completion Date and agrees to comply with that program and continually update it as a result of Extensions of Time. 10.3 The University’s Contract Manager may grant an Extension of Time: (a) if the Contractor is delayed in carrying out the Works for any reason beyond the Contractor’s control and not caused by the Contractor including inclement weather, industrial disputation, suspension, instructions or directions of the University’s Contract Manager or if the University prevents the Contractor from accessing the Site (except in the case of an emergency) for a continuous period that exceeds one day or more; or (b) if the University’s Contract Manager directs a Variation that would entitle the Contractor to an Extension of Time under clause 17; or (c) otherwise at the University’s absolute discretion provided that the Contractor must take all reasonable steps to minimise the effect of any delay including, without limitation, reallocating of resources and reprogramming the Works. Milestone Dates and the Target Practical Completion Date can only be adjusted by notice in writing to the Contractor by the University’s Contract Manager. 10.4 Subject to clause 10.3, an Extension of Time or any delay in the carrying out of the Works will not entitle the Contractor to any adjustment to the Contract Sum or other compensation. 10.5 If Practical Completion of the Works does not occur by the Target Practical Completion Date, the Contractor will pay Liquidated Damages to the University at the rate specified in Item 12 of Attachment 1 for each day or part of a day until Practical Completion occurs (the Liquidated Damages being a genuine pre-estimate of the University’s loss and not a penalty). 10.6 If the Documents specify, or the University’s Contract Manager directs, that the Works are to be carried out as Separable Portions, the University may, on a Separable Portion achieving Practical Completion, take possession of that Separable Portion.
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!