Common use of – FAO’S FINANCIAL LIABILITY Clause in Contracts

– FAO’S FINANCIAL LIABILITY. 4.1 FAO’s financial liability under this Contract is limited to a lump sum amount of: PKR (In Figure) /- PKR (In words) ) Being the total amount of the “Bill of Quantities”, attached hereto as Xxxxx XX 4.2 It is understood that in calculating the amount mentioned in Article 4.1 above the Contractor exercised appropriate professional judgement and has given full consideration to working conditions in the countries of Contract execution, including the conditions of the construction site(s), to the participation in the performance of this Contract by FAO, as specified in Article 3 above, as well as to the availability of all relevant information and data required for the execution of this Contract. Therefore, the Contractor shall under no circumstances be entitled to any payments in excess of the total amount of FAO’s financial liability as determined in Article 4. 4.3 FAO and the Contractor agree that the prices set out in Annex II of this Contract are firm and will not be increased under any circumstances.

– FAO’S FINANCIAL LIABILITY. 4.1 FAO’s financial liability under this Contract is limited to a lump sum amount of: PKR (In Figure) /- PKR (In words) ) Being the total amount of the “Bill Xxxx of Quantities”, attached hereto as Xxxxx XXAnnex II 4.2 It is understood that in calculating the amount mentioned in Article 4.1 above the Contractor exercised appropriate professional judgement and has given full consideration to working conditions in the countries of Contract execution, including the conditions of the construction site(s), to the participation in the performance of this Contract by FAO, as specified in Article 3 above, as well as to the availability of all relevant information and data required for the execution of this Contract. Therefore, the Contractor shall under no circumstances be entitled to any payments in excess of the total amount of FAO’s financial liability as determined in Article 4. 4.3 FAO and the Contractor agree that the prices set out in Annex II of this Contract are firm and will not be increased under any circumstances.