Common use of Payment for Change of Scope Clause in Contracts

Payment for Change of Scope. 16.3.1 Within 7 (seven) days of issuing a Change of Scope Order, the Authority shall make an advance payment to the Concessionaire in a sum equal to 20% (twenty per cent) of the cost of Change of Scope as agreed hereunder, and in the event of a Dispute, 20% (twenty per cent) of the cost assessed by the Independent Engineer/ Additional Engineer. The Concessionaire shall, after commencement of work, present to the Authority bills for payment in respect of the works in progress or completed works, as the case may be, supported by such Documentation as is reasonably sufficient for the Authority to determine the accuracy thereof. Within 30 (thirty) days of receipt of such bills, the Authority shall disburse to the Concessionaire such amounts as are certified by the Independent Engineer/ Additional Engineer as reasonable and after making a proportionate deduction for the advance payment made hereunder, and in the event of any Dispute, final adjustments thereto shall be made under and in accordance with the Dispute Resolution Procedure.

Appears in 16 contracts

Samples: Concession Agreement, Concession Agreement, Concession Agreement

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Payment for Change of Scope. 16.3.1 Within [7 (seven) )] days of issuing a Change of Scope Order, the Authority shall make an advance payment to the Concessionaire in of a sum equal to [20% (twenty per cent) )] of the cost of Change of Scope as agreed hereunder, and in the event of a Dispute, [20% (twenty per cent) )] of the cost assessed by the Independent Engineer/ Additional Engineer. The Concessionaire shall, after commencement of work, present to the Authority bills for payment in respect of the works in progress or completed works, as the case may be, supported by such Documentation Documents as is reasonably sufficient for the Authority to determine the accuracy thereof. Within [30 (thirty) )] days of receipt of such bills, the Authority shall disburse to the Concessionaire such amounts as are certified by the Independent Engineer/ Additional Engineer Engineer, as reasonable and after making a proportionate deduction for the advance payment made hereunder, and in the event of any Dispute, final adjustments thereto shall be made under and in accordance with the Dispute Resolution ProcedureProcedure in Article 45.

Appears in 7 contracts

Samples: Concession Agreement, Concession Agreement, Concession Agreement

Payment for Change of Scope. 16.3.1 Within 7 21 (seventwenty one) days of issuing a Change of Scope Order, the Contracting Authority shall make an advance payment to the Concessionaire Service Provider in a sum equal to 20% (twenty per cent) of the cost of Change of Scope as agreed hereunder, and in the event of a Dispute, 20% (twenty per cent) of the cost assessed by the Independent Engineer/ Additional EngineerExpert. The Concessionaire Service Provider shall, after commencement of work, present to the Contracting Authority at agreed milestone dates bills for payment in respect of the works in progress or completed works, as the case may be, supported by such Documentation as is reasonably sufficient for the Contracting Authority to determine the accuracy thereof. Within 30 90 (thirtyninety) days of receipt of such bills, the Contracting Authority shall disburse to the Concessionaire Service Provider such amounts as are certified by the Independent Engineer/ Additional Engineer Expert as reasonable and after making a proportionate deduction for the advance payment made hereunder, and in the event of any Dispute, final adjustments thereto shall be made under and in accordance with the Dispute Resolution Procedure.

Appears in 2 contracts

Samples: Project Agreement, Project Agreement

Payment for Change of Scope. 16.3.1 Within 7 (seven) days of issuing a Change of Scope Order, the Authority MOPIT shall make an advance payment to the Concessionaire in a sum equal to 20% (twenty per cent) of the cost of Change of Scope Xxxxx as agreed hereunder, and in the event of a Dispute, 20% (twenty per cent) of the cost assessed by the Independent Engineer/ Additional Engineer. The Concessionaire shall, after commencement of work, present to the Authority MOPIT bills for payment in respect of the works in progress or completed works, as the case may be, supported by such Documentation as is reasonably sufficient for the Authority MOPIT to determine the accuracy thereof. Within 30 (thirty) days of receipt of such bills, the Authority MOPIT shall disburse to the Concessionaire such amounts as are certified by the Independent Engineer/ Additional Engineer as reasonable and after making a proportionate deduction for the advance payment made hereunder, and in the event of any Dispute, final adjustments thereto shall be made under and in accordance with the Dispute Resolution Procedure.

Appears in 1 contract

Samples: Concession Agreement

Payment for Change of Scope. 16.3.1 20.3.1. Within 7 30 (seventhirty) days days68 of issuing a Change of Scope Order, the Contracting Authority shall make an advance payment to the Concessionaire in a sum equal to 20% (twenty per cent) of the cost of Change of Scope as agreed hereunder, and in the event of a Dispute, 20% (twenty per cent) of the cost assessed by the Independent Engineer/ Additional Engineer. The Concessionaire shall, after commencement of work, present to the Contracting Authority bills for payment in respect of the works in progress or completed works, as the case may be, supported by such Documentation as is reasonably sufficient for the Contracting Authority to determine the accuracy thereof. Within 30 (thirty) days days69 of receipt of such bills, the Contracting Authority shall disburse to the Concessionaire such amounts as are certified by the Independent Engineer/ Additional Engineer as reasonable and after making a proportionate deduction for the advance payment made hereunder, and in the event of any Dispute, final adjustments thereto shall be made under and in accordance with the Dispute Resolution ProcedureProcedure (see Article 33).

Appears in 1 contract

Samples: Concession Agreement

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Payment for Change of Scope. 16.3.1 Within 7 (seven) days of issuing a Change of Scope Order, the Concessioning Authority shall make an advance payment to the Concessionaire in a sum equal to 20% (twenty per cent) of the cost of Change of Scope as agreed hereunder, and in the event of a Dispute, 20% (twenty per cent) of the cost assessed by the Independent Engineer/ Additional Engineerdesignated Officer. The Concessionaire shall, after commencement of work, present to the Concessioning Authority bills for payment in respect of the works in progress or completed works, as the case may be, supported by such Documentation as is reasonably sufficient for the Concessioning Authority to determine the accuracy thereof. Within 30 (thirty) days of receipt of such bills, the Concessioning Authority shall disburse to the Concessionaire such amounts as are certified by the Independent Engineer/ Additional Engineer designated Officer as reasonable and after making a proportionate deduction for the advance payment made hereunder, and in the event of any Dispute, final adjustments thereto shall be made under and in accordance with the Dispute Resolution Procedure.

Appears in 1 contract

Samples: Concession Agreement

Payment for Change of Scope. 16.3.1 Within 7 (seven) days of issuing a Change of Scope Order, the Authority shall make an advance payment against the equivalent amount of bank guarantee to the Concessionaire in a sum equal to 20% (twenty per cent) of the cost of Change of Scope as agreed hereunder, and in the event of a Dispute, 20% (twenty per cent) of the cost assessed by the Independent Engineer/ Additional Engineer. The Concessionaire shall, after commencement of work, present to the Authority bills for payment in respect of the works in progress or completed works, as the case may be, supported by such Documentation as is reasonably sufficient for the Authority to determine the accuracy thereof. Within 30 (thirty) days of receipt of such bills, the Authority shall disburse to the Concessionaire such amounts as are certified by the Independent Engineer/ Additional Engineer as reasonable and after making a proportionate deduction for the advance payment made hereunder, and in the event of any Dispute, final adjustments thereto shall be made under and in accordance with the Dispute Resolution Procedure.

Appears in 1 contract

Samples: Draft Concession Agreement

Payment for Change of Scope. 16.3.1 Within 7 (seven) days of issuing a Change of Scope Order, the Concessioning Authority shall make an advance payment to the Concessionaire in a sum equal to 20% (twenty per cent) of the cost of Change of Scope as agreed hereunder, and in the event of a Dispute, 20% (twenty per cent) of the cost assessed by the Independent Engineer/ Additional Engineer. The Concessionaire shall, after commencement of work, present to the Concessioning Authority bills for payment in respect of the works in progress or completed works, as the case may be, supported by such Documentation as is reasonably sufficient for the Concessioning Authority to determine the accuracy thereof. Within 30 (thirty) days of receipt of such bills, the Concessioning Authority shall disburse to the Concessionaire such amounts as are certified by the Independent Engineer/ Additional Engineer as reasonable and after making a proportionate deduction for the advance payment made hereunder, and in the event of any Dispute, final adjustments thereto shall be made under and in accordance with the Dispute Resolution Procedure.

Appears in 1 contract

Samples: Draft Concession Agreement

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