Common use of Project Deliverables Clause in Contracts

Project Deliverables. ‌ 2.1.1 Pursuant to the terms of this Agreement, the Project Deliverables shall mean and include: (a) carrying out of the Works and generally developing, designing, engineering, financing, construction, commissioning and insurance of Project Assets; (b) construction of furnished residential Apartments for market, unfurnished Apartments reserved for FBR and commercial units as per Schedule Z [Description of the Project and Scope of Works]; (c) reserving unfurnished Apartments for FBR officials in accordance with the Bid Offer attached as Schedule T [Bid Offer]. The Concessionaire shall provide the FBR with list of the Apartments reserved for its officials as mentioned in the Bid Offer. Such Apartments shall remain in possession and control of FBR. (d) construction and provision and installation of all electronic systems required and necessary for operations of modern residential apartment facility; (e) repair, maintenance, renewal, rectification or replacement of Works or any other equipment, fitting or fixture during the Construction or operation phase of the Project; (f) provision of the Services; (g) collect and charge revenue from the services as per provisions of this Agreement till Termination Date or Expiry Date, whichever is earlier; and (h) transferring the Project Assets to FBR at the end of the Concession Period in accordance with the provisions of this Agreement. 2.1.2 The Concessionaire shall procure, at its own cost and risk, the Project Deliverables as per terms of this Agreement and ensure the quality of Project Deliverables and continuation of Services during the Concession Period. Subject to, and in accordance with the provisions of this Agreement, the Concessionaire shall exercise its rights and perform its obligations included in the Project Deliverables at its own cost and risk without recourse to FBR save as otherwise expressly provided for in this Agreement. 2.1.3 The Concessionaire shall be, at its own cost and risk, solely responsible for procuring that the Project Deliverables are: (a) in accordance with Good Industry Practice; (b) in a manner that is not likely to cause death, injury to health or damage to property or the environment; (c) in a manner that is consistent with his discharging of statutory functions and duties to FBR; and (d) in compliance with all Applicable Laws and the Consents.

Project Deliverables. ‌ 2.1.1 Pursuant to the terms of this Agreement, the Project Deliverables shall mean and include: (a) carrying out of the Works and generally developing, designing, engineering, financing, construction, commissioning and insurance of Project Assets; (b) construction of furnished residential Apartments for market, unfurnished Apartments reserved for FBR and commercial units as per Schedule Z [Description of the Project and Scope of Works]; (c) reserving unfurnished Apartments for FBR officials in accordance with the Bid Offer attached as Schedule T [Bid Offer]. The Concessionaire shall provide the FBR with list of the Apartments reserved for its officials as mentioned in the Bid Offer. Such Apartments shall remain in possession and control of FBR. (d) construction and provision and installation of all electronic systems required and necessary for operations of modern residential apartment facility; (e) repair, maintenance, renewal, rectification or replacement of Works or any other equipment, fitting or fixture during the Construction or operation phase of the Project; (f) provision of the Services; (g) collect and charge revenue from the services as per provisions of this Agreement till Termination Date or Expiry Date, whichever is earlier; and (h) transferring the Project Assets to FBR at the end of the Concession Period in accordance with the provisions of this Agreement. 2.1.2 The Concessionaire shall procure, at its own cost and risk, the Project Deliverables as per terms of this Agreement and ensure the quality of Project Deliverables and continuation of Services during the Concession Period. Subject to, and in accordance with the provisions of this Agreement, the Concessionaire shall exercise its rights and perform its obligations included in the Project Deliverables at its own cost and risk without recourse to FBR save as otherwise expressly provided for in this Agreement. 2.1.3 The Concessionaire shall be, at its own cost and risk, solely responsible for procuring that the Project Deliverables are: (a) in accordance with Good Industry Practice; (b) in a manner that is not likely to cause death, injury to health or damage to property or the environment; (c) in a manner that is consistent with his discharging of statutory functions and duties to FBR; and (d) in compliance with all Applicable Laws and the Consents.