Measurement and Valuation Clause Samples

Measurement and Valuation. 10.1 If no specified rates or prices are relevant for the derivation of a new rate or price, it shall be derived from the reasonable cost of executing the work, together with the applicable percentage of ten percent (10%) for profit, taking account of any other relevant matters. 11. 11.1 Subject to Clause 18 [Claims], the Contractor shall be entitled to an Extension of Time extension of the Time for Completion (“EOT”) if and to the extent that the completion of the Works is or will be delayed by any of the following causes; (a) a variation or other substantial change in the quantity of an item of Works included in the Contract, (b) exceptionally adverse climatic conditions, (c) unforeseeable delays or disruptions caused by authorities or public (provided that the Contractor has diligently followed the procedures laid down by the relevant legally constituted public authorities in the Country), (d) unforeseeable shortages in the availability of personnel or Goods caused by governmental actions, or

Measurement and Valuation. Delete/Amend Existing Insert ./ Replace Clause No Insert (Heading and Clause)

Measurement and Valuation. 10.1 If no specified rates or prices are relevant for the derivation of a new rate or price, it shall be derived from the reasonable cost of executing the work, together with the applicable percentage for profit stated in the Contract (if not stated, ten percent (10%)), taking account of any other relevant matters. 11. 11.1 Subject to Clause 18 [Claims], the Contractor shall be entitled to an Extension of Time extension of the Time for Completion (“EOT”) if and to the extent that the completion of the Works is or will be delayed by any of the following causes; (a) a variation or other substantial change in the quantity of an item of Works included in the Contract, (b) exceptionally adverse climatic conditions, (c) unforeseeable delays or disruptions caused by authorities or public (provided that the Contractor has diligently followed the procedures laid down by the relevant legally constituted public authorities in the Country),

Measurement and Valuation. 10.1 The Works shall be measured, and valued for payment, in accordance with this Clause. 10.2 The method of measurement shall be in accordance with the Bill of Quantities. Except as otherwise stated in the Contract, measurement shall be made of the net actual quantity of each item of the Permanent Works and no allowance shall be made for bulking, shrinkage or waste. 10.3 For each item of work, the appropriate rate or price for the item shall be the rate or price specified for such item in the Bill of Quantities or, if there is no such an item, specified for similar work. 10.4 Any item of work which is identified in the Bill of Quantities, but for which no rate or price is specified, shall be deemed to be included in other rates and prices in the Bill of Quantities. 10.5 A new rate or price shall be appropriate for an item of work if: a) the item is not identified in, and no rate or price for this item is specified in the Bill of Quantities and no specified rate or price is appropriate because the item of work is not of similar character, or is not executed under similar conditions b) the work is instructed under Clause 17 [Variations] and sub- paragraph (a) above applies. 10.6 Each new rate or price shall be derived from any relevant rates or prices specified in the Bill of Quantities, with reasonable adjustments to take account of the matters described in sub-paragraph (a) and/or (b) of Sub-Clause 10.5, as applicable. If no specified rates or prices are relevant for the derivation of a new rate or price, it shall be derived from the reasonable cost of executing the work, together with the applicable percentage for profit stated in the Contract (if not stated, ten percent (10%)), taking account of any other relevant matters. 11. 11.1 Subject to Clause 18 [Claims], the Contractor shall be entitled to an Extension of Time extension of the Time for Completion (“EOT”) if and to the extent that the completion of the Works is or will be delayed by any of the following causes; (a) a variation or other substantial change in the quantity of an item of Works included in the Contract, (b) exceptionally adverse climatic conditions, (c) unforeseeable delays or disruptions caused by authorities or public (provided that the Contractor has diligently followed the procedures laid down by the relevant legally constituted public authorities in the Country), (d) unforeseeable shortages in the availability of personnel or Goods caused by governmental actions, or (e) any delay...

Measurement and Valuation. AMENDMENT – Delete clause 5.7 “Overtime work” Section 6 – Injury, Damage and Insurance AMENDMENT – “Insurance of existing structures” Delete clauses 6.7.1 and 6.7.2

Measurement and Valuation. Compliance with these stock ownership guidelines will be measured periodically by the Administrator. On each measurement date, compliance will be measured using each Participant’s base salary then in effect and the average 180-day trading price per share of Company common stock on the New York Stock Exchange on such date. Once a Participant has achieved the applicable ownership guideline, such Participant will be considered in compliance, regardless of any change in the price of the Company’s common stock, so long as such Participant continues to own at least the number of shares of Company common stock owned in order to achieve the applicable guideline.

Measurement and Valuation. Measurement‌

Measurement and Valuation. 10.1 If no specified rates or prices are relevant for the derivation of a new rate or price, it shall be derived from the reasonable cost of executing the work, together with the applicable percentage for profit stated in the Contract (if not stated, ten percent (10%)), taking account of any other relevant matters.