Common use of Propriety Clause in Contracts

Propriety. 5.1 No member, employee, agent or consultant of the Grant Recipient or of any partner organisation of the Grant Recipient has any personal, proprietary or pecuniary interest in: 5.1.1 any person from whom the Grant Recipient is purchasing land or property for the purposes of or in connection with this Agreement; 5.1.2 any contractor engaged or to be engaged by the Grant Recipient in connection with this Agreement; 5.1.3 any land or other property to be acquired or developed refurbished or improved by the Grant Recipient for the purposes of or in connection with this Agreement. 5.2 No member, employee, agent or consultant of the Grant Recipient or any partner organisation of the Grant Recipient is, has or will be entitled to any preferential treatment by virtue of their position or associations whether in terms of: 5.2.1 access to properties developed, Rehabilitated or, disposed of pursuant to this Agreement; or 5.2.2 the prices at which such properties are let or disposed of. 1 Acquisition 1.1 Purchase price of land/Site/buildings. 1.2 Stamp Duty Land Tax on the purchase price of land/Site. 2 Works Costs 2.1 Main works contract costs (excluding any costs defined as on costs). 2.2 Major Site development works (where applicable). These include piling, soil stabilisation, road/sewer construction, major demolition. 2.3 Statutory agreements, associated bonds and party wall agreements (including all fees and charges directly attributable to such works) where applicable. 2.4 Additional costs associated with complying with archaeological works and party wall agreement awards (including all fees, charges and claims attributable to such works) where applicable. 2.5 Irrecoverable VAT on the above (where applicable). 3 On costs 3.1 Legal fees and disbursements. 3.2 Net gains/losses via interest charges on development period loans. 3.3 Building society or other valuation and administration fees. 3.4 Fees for building control and Planning Permission. 3.5 Fees and charges associated with compliance with European Community directives, and the GLA’s requirements relating to energy rating of dwellings and Eco-Homes certification. 3.6 In-house or external consultants’ fees, disbursements and expenses (where the development contract is a design and build contract) (see note below). 3.7 Insurance premiums including building warranty and defects/liability insurance (except contract insurance included in Works costs). 3.8 Contract performance bond premiums.

Propriety. 5.1 No member, employee, agent or consultant of the Grant Recipient or of any partner organisation of the Grant Recipient has any personal, proprietary or pecuniary interest in: 5.1.1 any person from whom the Grant Recipient is purchasing land or property for the purposes of or in connection with this Agreement; 5.1.2 any contractor engaged or to be engaged by the Grant Recipient in connection with this Agreement; 5.1.3 any land or other property to be acquired or developed refurbished or improved by the Grant Recipient for the purposes of or in connection with this Agreement. 5.2 No member, employee, agent or consultant of the Grant Recipient or any partner organisation of the Grant Recipient is, has or will be entitled to any preferential treatment by virtue of their position or associations whether in terms of: 5.2.1 access to properties developed, Rehabilitated or, disposed of pursuant to this Agreement; or 5.2.2 the prices at which such properties are let or disposed of. 1 Acquisition 1.1 Purchase price of land/Site/buildings. 1.2 Stamp Duty Land Tax on the purchase price of land/Site. 2 Works Costs 2.1 Main works contract costs (excluding any costs defined as on costs). 2.2 Major Site development works (where applicable). These include piling, soil stabilisation, road/sewer construction, major demolition. 2.3 Statutory agreements, associated bonds and party wall agreements (including all fees and charges directly attributable to such works) where applicable. 2.4 Additional costs associated with complying with archaeological works and party wall agreement awards (including all fees, charges and claims attributable to such works) where applicable. 2.5 Irrecoverable VAT on the above (where applicable). 3 On costs 3.1 Legal fees and disbursements. 3.2 Net gains/losses via interest charges on development period loans. 3.3 Building society or other valuation and administration fees. 3.4 Fees for building control and Planning Permission. 3.5 Fees and charges associated with compliance with European Community directives, and the GLA’s requirements relating to energy rating of dwellings and Eco-Homes certification. 3.6 In-house or external consultants’ fees, disbursements and expenses (where the development contract is a design and build contract) (see note below). 3.7 Insurance premiums including building warranty and defects/liability insurance (except contract insurance included in Works costs). 3.8 Contract performance bond premiums.

Propriety. 5.1 No member, employee, agent or consultant of the Grant Recipient or of any partner organisation of the Grant Recipient has any personal, proprietary or pecuniary interest in: 5.1.1 any person from whom the Grant Recipient is purchasing land or property for the purposes of or in connection with this Agreement; 5.1.2 any contractor engaged or to be engaged by the Grant Recipient in connection with this Agreement; 5.1.3 any land or other property to be acquired or developed refurbished or improved by the Grant Recipient for the purposes of or in connection with this Agreement. 5.2 No member, employee, agent or consultant of the Grant Recipient or any partner organisation of the Grant Recipient is, has or will be entitled to any preferential treatment by virtue of their position or associations whether in terms of: 5.2.1 access to properties developed, Rehabilitated or, disposed of pursuant to this Agreement; or 5.2.2 the prices at which such properties are let or disposed of. 1 Acquisition 1.1 Purchase price of land/Site/buildings. 1.2 Stamp Duty Land Tax on the purchase price of land/Site. 2 Works Costs 2.1 Main works contract costs (excluding any costs defined as on costs). 2.2 Major Site development works (where applicable). These include piling, soil stabilisation, road/sewer construction, major demolition. 2.3 Statutory agreements, associated bonds and party wall agreements (including all fees and charges directly attributable to such works) where applicable. 2.4 Additional costs associated with complying with archaeological works and party wall agreement awards (including all fees, charges and claims attributable to such works) where applicable. 2.5 Irrecoverable VAT on the above (where applicable). 3 On costs 3.1 Legal fees and disbursements. 3.2 Net gains/losses via interest charges on development period loans. 3.3 Building society or other valuation and administration fees. 3.4 Fees for building control and Planning Permission. 3.5 Fees and charges associated with compliance with European Community directives, and the GLA’s requirements relating to energy rating of dwellings and Eco-Homes certification. 3.6 In-house or external consultants’ fees, disbursements and expenses (where the development contract is a design and build contract) (see note below). 3.7 Insurance premiums including building warranty and defects/liability insurance (except contract insurance included in Works costs). 3.8 Contract performance bond premiums.