Common use of Project Monitoring Clause in Contracts

Project Monitoring. 6.1 The Contractor shall provide a project report to the National Petroleum Agency. 6.2 For major projects exceeding One Million United States Dollars (U.S $1,000,000) or its equivalent, the Contractor shall provide to the National Petroleum Agency a detailed quarterly report which shall include: (a) the approved budget total for each project; (b) the expenditure on each project; (c) the variance and explanations; (d) the number and value of construction change orders; (e) a bar chart of schedule showing work progress and work already completed and schedule of mile-stones and significant events; and (f) a summary of progress during the reporting period, summary of existing problems, if any, and the proposed remedial action, anticipated problems, and percentage of completion, provided that the National Petroleum Agency shall have the right to send its own representatives to assess the project based on the report. 6.3 In the case of an increase in cost in excess of five percent (5%) of the project, the Contractor shall promptly notify the National Petroleum Agency and obtain necessary budget approval. 6.4 Not later than six (6) months following the physical completion of any major project whose cost exceeds One Million United States Dollars (U.S $1 ,000,000) or its equivalent, the Contractor shall prepare and deliver to the National Petroleum Agency a project completion report which shall include the following: (a) a cost performance of the project in accordance with the work breakdown at the commencement of the project; (b) the significant variation in any item or sub-item; (c) a summary of problems and expected events encountered during the project; and (d) a list of excess materials.

Project Monitoring. 6.1 The Contractor shall provide a project report to the National Petroleum Agency. 6.2 For major projects exceeding One Million United States Dollars (U.S $1,000,000) or its equivalent, the Contractor shall provide to the National Petroleum Agency a detailed quarterly report which shall include: (a) the approved budget total for each project; (b) the expenditure on each project; (c) the variance and explanations; (d) the number and value of construction change orders; (e) a bar chart of schedule schedules showing work progress and work already completed and schedule of mile-stones and significant events; and (f) a summary of progress during the reporting period, a summary of existing problems, if any, and the proposed remedial action, anticipated problems, and percentage of completion, provided that the National Petroleum Agency shall have the right to send its own representatives to assess the project based on the report. 6.3 In the case of an increase in cost in excess of five percent (5%) of the project, the Contractor shall promptly notify the National Petroleum Agency and obtain necessary budget approval. 6.4 Not later than six (6) months following the physical completion of any major project whose cost exceeds One Million United States Dollars (U.S $1 ,000,0001,000,000) or its equivalent, the Contractor shall prepare and deliver to the National Petroleum Agency a project completion report which shall include the following: (a) a cost performance of the project in accordance with the work breakdown at the commencement of the project; (b) the significant variation in any item or sub-item; (c) a summary of problems and expected events encountered during the project; and (and d) a list of excess materials.

Project Monitoring. 6.1 The Contractor shall provide a project report to the National Petroleum Agency. 6.2 For major projects exceeding One Million United States Dollars (U.S $1,000,000) or its equivalent, the Contractor shall provide to the National Petroleum Agency a detailed quarterly report which shall include: (a) the approved budget total for each project; (b) the expenditure on each project; (c) the variance and explanations; (d) the number and value of construction change orders; (e) a bar chart of schedule schedules showing work in progress and work already completed and schedule of mile-stones and significant events; and (f) a summary of progress during the reporting period, a summary of existing problems, if any, and the proposed remedial action, anticipated problems, and percentage of completion, provided that the National Petroleum Agency shall have the right to send its own representatives to assess the project based on the report. 6.3 In the case of an increase in cost in excess of five percent (5%) of the project, the Contractor shall promptly notify the National Petroleum Agency and obtain necessary budget approval. 6.4 Not later than six (6) months following the physical completion of any major project whose cost exceeds One Million United States Dollars (U.S $1 ,000,0001,000,000) or its equivalent, the Contractor shall prepare and deliver to the National Petroleum Agency a project completion report which shall include the following: (a) a cost performance of the project in accordance with the work breakdown at the commencement of the project; (b) the significant variation in any item or sub-item; (c) a summary of problems and expected events encountered during the project; and (and d) a list of excess materials.

Project Monitoring. 6.1 The Contractor shall provide a project report to the National Petroleum Agency. 6.2 For major projects exceeding One Million United States Dollars (U.S $1,000,000) or its equivalent, the Contractor shall provide to the National Petroleum Agency a detailed quarterly report which shall include: (a) the approved budget total for each project; (b) the expenditure on each project; (c) the variance and explanations; (d) the number and value of construction change orders; (e) a bar chart of schedule schedules showing work progress and work already completed and schedule of mile-stones and significant events; and (f) a summary of progress during the reporting period, a summary of existing problems, if any, and the proposed remedial action, anticipated problems, and percentage of completion, provided that the National Petroleum Agency shall have the right to send its own representatives to assess the project based on the report. 6.3 In the case of an increase in cost in excess of five percent (5%) of the project, the Contractor shall promptly notify the National Petroleum Agency and obtain necessary budget approval. 6.4 Not later than six (6) months following the physical completion of any major project whose cost exceeds One Million United States Dollars (U.S $1 ,000,0001,000,000) or its equivalent, the Contractor shall prepare and deliver to the National Petroleum Agency a project completion report which shall include the following: (a) a cost performance of the project in accordance with the work breakdown at the commencement of the project; (b) the significant variation in any item or sub-item; (c) a summary of problems and expected events encountered during the project; and (d) a list of excess materials.

Project Monitoring. 6.1 The Contractor shall provide a project report to the National Petroleum Agency. 6.2 For major projects exceeding One Million United States Dollars (U.S $1,000,000) or its equivalent, the Contractor shall provide to the National Petroleum Agency a detailed quarterly report which shall include: (a) the approved budget total for each project; (b) the expenditure on each project; (c) the variance and explanations; (d) the number and value of construction change orders; (e) a bar chart of schedule schedules showing work in progress and work already completed and schedule of mile-stones and significant events; and (f) a summary of progress during the reporting period, a summary of existing problems, if any, and the proposed remedial action, anticipated problems, and percentage of completion, provided that the National Petroleum Agency shall have the right to send its own representatives to assess the project based on the report. 6.3 In the case of an increase in cost in excess of five percent (5%) of the project, the Contractor shall promptly notify the National Petroleum Agency and obtain necessary budget approval. 6.4 Not later than six (6) months following the physical completion of any major project whose cost exceeds One Million United States Dollars (U.S $1 ,000,0001,000,000) or its equivalent, the Contractor shall prepare and deliver to the National Petroleum Agency a project completion report which shall include the following: (a) a cost performance of the project in accordance with the work breakdown at the commencement of the project; (b) the significant variation in any item or sub-item; (c) a summary of problems and expected events encountered during the project; and (d) a list of excess materials.