Common use of STANDARD AND PAYMENT OF CHARGES Clause in Contracts

STANDARD AND PAYMENT OF CHARGES. 2.1 The basis for the pricing of the design fees and the pricing standard shall be performed in accordance with the provisions of the following documents: (1) Budget Quota of Integrated Wiring System for Buildings and Building Clusters and Budget Quota of Installation of Mobile Telecommunications Equipment (amended), (XinBuGui [2000] No. 904), promulgated in September 2000 by the Ministry of Information Industry; (2) Estimation, Budget Compilation and Expenses Quota of Telecommunications Construction Works, Budget Quota of Telecommunications Construction Works, First Volume (Telecommunications Equipment Works) (YouBu [1995] No. 626), by the former Ministry of Post and Telecommunications; (3) Type Classification Criteria of Telecommunications Construction Works, (YouBu [1995] No. 945), by the former Ministry of Post and Telecommunications. If the above documents are superceded by other government documents, then both parties shall use the newly issued government documents as the basis for pricing. 2.2 Both parties agree that, based on the service charges stipulated in the abovementioned section 2.1, such service charges are to be paid in the following manner: (1) Party A shall pay Party B a sum equivalent to 10% of the total service charges within 7 working days after both parties agree on each particular item of services and sign the specific services agreement(s) under the abovementioned section 1.2. (2) Party B shall, in accordance with the specific services agreement(s), regularly provide Party A with a statement on amount of work completed; Party A shall pay Party B a sum equivalent to 70% of the total service charges within 10 working days upon the completion of all works and after examination and verification that there is no error; (3) After the completion and verification and acceptance of the works, Party B shall, based on the time limit stipulated under the specific service agreement(s), provide Party A with works settlement documents; within 20 working days upon receipt of the works settlement documents and after undergoing auditing, Party A shall pay Party B the balance of the service charges in accordance with the results of the auditing. 2.3 After the execution of the specific services agreement(s), if the amount of the construction increases or decreases due to a change in the works project's design, then based on the actual amount of work actually provided by Party B, the service charge shall be adjusted in accordance with the pricing principles and criteria stipulated under this Agreement and the specific services agreement(s).