Common use of RECOVERY CLAUSE Clause in Contracts

RECOVERY CLAUSE. (i) In case of any damage of equipment/machinery due to negligence of contractor or any other reasons attributed to contractor the decision of Engineer-in-charge regarding the amount of recovery shall be final and binding subject to a maximum of 10% of contract value. Recovery will be affected from the monthly bills and/or retention money/security deposit. (ii) If the contractor fails to execute the work as per directions of Engineer (I/c) within the time frame given in work order and as per day to day instructions by Engineer-in-charge, GIPCL shall get the work done by third party at the risk & cost of the contractor with 10% additional overhead charges of GIPCL.

RECOVERY CLAUSE. (i) In case of any damage of equipment/machinery due to negligence of contractor or any other reasons attributed to contractor the decision of Engineer-in-charge regarding the amount of recovery shall be final and binding subject to a maximum of 10% of contract value. Recovery will be affected from the monthly bills and/or retention money/security deposit. (ii) If the contractor fails to execute the work as per directions of Engineer (I/c) within the time frame given in work order and as per day to day instructions by Engineer-in-charge, GIPCL shall get the work done by third party at the risk & cost of the contractor with 1015% additional overhead charges of GIPCL.

RECOVERY CLAUSE. (i) In case of any damage of equipment/machinery due to negligence of contractor or any other reasons attributed to contractor the decision of EngineerGIPCL office-in-in- charge regarding the amount of recovery shall be final and binding subject to a maximum of 10% of yearly contract value. Recovery will be affected from the monthly bills and/or retention money/security deposit. (ii) If the contractor fails to execute the work as per directions of Engineer (I/c) GIPCL office-in charge within the time frame given in work order and as per day to day instructions by EngineerGIPCL office-in-in charge, GIPCL shall get the work done by third party at the risk & cost of the contractor with 1015% additional overhead charges of GIPCL.

RECOVERY CLAUSE. (i) In case of any damage of equipment/machinery due to negligence of contractor or any other reasons attributed to contractor the decision of Engineer-Fire in-charge regarding the amount of recovery shall be final and binding subject to a maximum of 10% of contract value. Recovery will be affected from the monthly bills and/or retention money/security Security deposit. (ii) If the contractor fails to execute the work as per directions of Engineer Fire (I/c) within the time frame given in work order and as per day to day instructions by Engineer-Fire in-charge, GIPCL shall get the work done by third party at the risk & cost of the contractor with 1015% additional overhead charges of GIPCL.

RECOVERY CLAUSE. (i) In case of any damage of equipment/machinery due to negligence of contractor or any other reasons attributed to contractor the decision of EngineerExecutive-in-charge incharge regarding the amount of recovery shall be final and binding subject to a maximum of 10% of contract value. Recovery will be affected from the monthly bills and/or retention money/security deposit. (ii) If the contractor fails to execute the work as per directions of Engineer (I/c) within the time frame given in work order and as per day to day instructions by Engineer-in-charge, GIPCL shall get the work done by third party at the risk & cost of the contractor with 10% additional overhead charges of GIPCL.