Common use of Project Cost Clause in Contracts

Project Cost. The Parties expressly agree that the cost of construction of the Project, as on the Bid Date, which is due and payable by the Authority to the Concessionaire, shall be deemed to be Rs. ………..(Rupees……………) (the “Project Cost”).£1The Parties further agree that the Project Cost specified hereinabove for payment to the Concessionaire shall be inclusive of the cost of construction, interest during construction, working capital, physical contingencies and all other costs expenses and charges for and in respect of construction of the Project, save and, except any additional costs arising on account of variation in Price Index, Change of Scope, Change in Law, Force Majeure or breach of this Agreement, which costs shall be due and payable to the Concessionaire in accordance with the provisions of the Agreement. For the avoidance of doubt, the Project Cost specified herein represents the amount due and payable by the Authority to the Concessionaire and may be less than equal to, or more than the Total Project Cost.

Project Cost. The Parties expressly agree that the cost of construction of the Project, as on the Bid Date, which is due and payable by the Authority to the Concessionaire, shall be deemed to be Rs. ……. (Rupees …..(Rupees………………….) (the “Project Cost”).£1The Parties further agree that the Project Cost specified hereinabove for payment to the Concessionaire shall be inclusive of the cost of construction, interest during construction, working capital, physical contingencies and all other costs expenses and charges for and in respect of construction of the Project, save and, except any additional costs arising on account of variation in Price Index, Change of Scope, Change in Law, Force Majeure or breach of this Agreement, which costs shall be due and payable to the Concessionaire in accordance with the provisions of the Agreement. For the avoidance of doubt, the Project Cost specified herein represents the amount due and payable by the Authority to the Concessionaire and may be less than equal to, or more than the Total Project Cost.