Common use of Payment for Change of Scope Clause in Contracts

Payment for Change of Scope. 21.5.1 The cost of procurement of Bus under the Change of Scope Order over and above the amount in the invoice as submitted by Operator in accordance with provisions of Clause 12.1.2 shall be borne by the Authority. For clarification the Operator will bear the cost of procurement of Bus up to the amount in the invoice as submitted by Operator in accordance with provisions of Clause 12.1.2; 21.5.2 The rate of O&M Fee applicable in respect of the period when the Change of Scope Order is issued shall be the O&M Fee as specified in Schedule XIX. However, this O&M Fee shall be revised by increasing the capex component in O&M Fee by the same percent by which the cost of bus has gone up, fuel component in O&M Fee shall be varied by the same percent factor by which the bus mileage varies. The bus mileage values provided by Bus Manufacturer shall be used for reference; 21.5.3 In the event, the cost towards procurement of additional Buses under the Change of Scope Order, is borne by the Operator, upon Termination or Expiry, as the case may be, the Operator shall be entitled to receive from the Authority, Asset Transfer Value, subject to the following: i. The Authority shall be under an obligation to take possession of the Buses that are less than [4 (four)] years of age and have plied up to 360,000 kms; ii. The Authority shall have an option to take possession of the Buses that are more than [4 (four)] years of age.

Payment for Change of Scope. 21.5.1 [The cost of procurement of Bus additional Buses under the Change of Scope Order over and above the amount in the invoice as submitted by Operator in accordance with provisions of Clause 12.1.2 shall be borne by the Authority. For clarification the Operator will bear the cost of procurement of Bus up to the amount in the invoice as submitted by Operator in accordance with provisions of Clause 12.1.2Authority]60; 21.5.2 The rate of O&M Fee applicable in respect of the period when the Change of Scope Order is issued shall be the O&M Fee as specified in Schedule XIX. However, this O&M Fee shall be revised by increasing the capex component in O&M Fee by the same percent by which the cost of bus has gone up, fuel component in O&M Fee shall be varied by the same percent factor by which the bus mileage varies. The bus mileage values provided by Bus Manufacturer shall be used for reference; 21.5.3 In the event, the cost towards procurement of additional Buses under the Change of Scope Order, is borne by the Operator, upon Termination or Expiry, as the case may be, the Operator shall be entitled to receive from the Authority, Asset Transfer Value, subject to the following: i. The Authority shall be under an obligation to take possession of the Buses that are less than [4 (four)] years of age and have plied up to 360,000 kms; ii. The Authority shall have an option to take possession of the Buses that are more than [4 (four)] years of age.