Common use of Compensation Events Clause in Contracts

Compensation Events. The following mutually agreed Compensation Events unless they are caused by the contractor would be applicable; (a) The Commissioner/CMO does not give access to a part of the site (b) The Commissioner/CMO modifies the schedule of other contractor in a way, which affects the work of the contractor under the contract. (c) The Commissioner/CMO orders a delay or does not issue drawings, specification or instructions /decisions/approval required for execution of works on time. (d) The Commissioner/CMO instructs the contractor to uncover or to carry out additional tests upon work, which is then found to have no defects. (e) The Commissioner/CMO gives an instruction for additional work required for safety or other reasons. (f) The advance payment and or payment of running bills (complete in all respect) are delayed. (g) The Commissioner/CMO unreasonably delays issuing a Certificate of Completion (h) Other compensation events mentioned in contract if any

Appears in 13 contracts

Samples: Item Rate Tender and Contract for Works, Item Rate Tender and Contract for Works, Item Rate Tender and Contract for Works

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