Payment for Change of Scope. 15.3.1 Within [15 (fifteen)] days of issuing a Change of Scope Order relating to Maintenance Depots, the Authority shall make a part payment to the Operator in a sum equal to [20% (twenty per cent)] of the cost of Change of Scope as agreed hereunder upon furnishing of a bank guarantee by the Operator for an equivalent amount and for a period of [180 (one hundred and eighty)] days, substantially in the form specified in Schedule-D. The Operator shall, after commencement of work, present to the Authority bills for payment in respect of the works and services in progress or completed works and services, 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 Operator such amounts as are 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 3 contracts
Samples: Operation and Maintenance Agreement, Operation and Maintenance Agreement, Operation and Maintenance Agreement
Payment for Change of Scope. 15.3.1 Within [15 (fifteen)] ) days of issuing a Change of Scope Order relating to Maintenance Depots, the Authority shall make a part payment to the Operator in a sum equal to [20% (twenty per cent)] ) of the cost of Change of Scope as agreed hereunder upon furnishing of a bank guarantee by the Operator for an equivalent amount and for a period of [180 (one hundred and eighty)] ) days, substantially in the form specified in Schedule-D. The Operator shall, after commencement of work, present to the Authority bills for payment in respect of the works and services in progress or completed works and services, 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 Operator such amounts as are 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: Operation and Maintenance Agreement, Operation and Maintenance Agreement
Payment for Change of Scope. 15.3.1 Within [15 7 (fifteen)] seven) days of issuing a Change of Scope Order relating and provided that the Change of Scope Order results in an obligation on the Mine Operator to Maintenance Depotscarry out additional works and services, the Authority shall make a part an advance payment to the Mine Operator in of a sum equal to [20% (twenty per cent)] ) of the cost of Change of Scope as agreed hereunder upon furnishing hereunder, and in the event of a bank guarantee Dispute, 20% (twenty per cent) of the cost assessed by the Operator for an equivalent amount and for a period of [180 (one hundred and eighty)] days, substantially in the form specified in Schedule-D. Independent Engineer. The Mine Operator shall, after commencement of work, present to the Authority bills for payment in respect of the works and services in progress or completed works and services, 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 Mine Operator such amounts as are 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: Model Contract Agreement
Payment for Change of Scope. 15.3.1 Within [15 (fifteen)] ) days of issuing a Change of Scope Order except for the items in clause 15.1.1.a relating to Maintenance Depots, the Authority shall make a part payment to the Operator in a sum equal to [20% (twenty per cent)] ) of the cost of Change of Scope as agreed hereunder upon furnishing of a bank guarantee by the Operator for an equivalent amount and for a period of [180 (one hundred and eighty)] ) days, substantially in the form specified in Schedule-D. The Operator shall, after commencement of work, present to the Authority bills for payment in respect of the works and services in progress or completed works and services, 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 Operator such amounts as are 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: Chapter Iv
Payment for Change of Scope. 15.3.1 β Within [15 7 (fifteen)] seven) days of issuing a Change of Scope Order relating and provided that the Change of Scope Order results in an obligation on the Mine Operator to Maintenance Depotscarry out additional works and services, the Authority shall make a part an advance payment to the Mine Operator in of a sum equal to [20% (twenty per cent)] ) of the cost of Change of Scope as agreed hereunder upon furnishing hereunder, and in the event of a bank guarantee Dispute, 20% (twenty per cent) of the cost assessed by the Operator for an equivalent amount and for a period of [180 (one hundred and eighty)] days, substantially in the form specified in Schedule-D. Independent Engineer. The Mine Operator shall, after commencement of work, present to the Authority bills for payment in respect of the works and services in progress or completed works and services, 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 Mine Operator such amounts as are 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: coal.nic.in