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.
Appears in 3 contracts
Samples: Building Agreement, Building Agreement, Building Agreement
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 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.
Appears in 2 contracts
Samples: Building Agreement, Building Agreement
COMMENCEMENT AND COMPLETION OF THE WORKS. 7.1 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 Contractor’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 ’s bond (if applicable) has been registered.
7.2 7.2. If commencement of the Works is delayed for longer than 180 90 (one hundred and eightyNinety) Business Days 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 7.3. If the commencement or completion of the Works is delayed for any cause whatsoever beyond the Contractor's ’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 7.4. All amounts due and unpaid shall be payable by the Employer on the Completion Date.
Appears in 1 contract
Samples: Building Agreement
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 One Hundred and eightyEighty) 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.
Appears in 1 contract
Samples: Building Agreement