Common use of Technical parameters Clause in Contracts

Technical parameters. The Standard EPC Agreement specifies the required design standards and allows the Contractor to design and construct the project using best practices to achieve quality, efficiency and economy as compared to the item rate contract that relies on a single design provided by the Authority. Only the core requirements of design and construction of the railway project that have a bearing on the quality and safety of assets are to be specified and enough room would be left for the contractor to add value. This would provide the requisite flexibility to the contractor in evolving and adopting the efficient designs without compromising on the quality and safety. Contract period: The contract period is determined on a project-specific basis depending on the volume of construction work involved. The Contractor shall be liable to pay Damages at the rate of 0.05 per cent for each day of delay beyond the specified date of completion, subject to the total amount of Damages not exceeding 10 per cent of the Contract Price. However, the Contractor shall be entitled to time extension arising out of delays on account of change of scope and force majeure or delays caused by or attributable to the Authority. Selection of contractor: Selection of the contractor will be based on open competitive bidding. All project parameters such as the contract period, price adjustments and technical parameters are to be clearly stated upfront along with lump sum price for the Railway Project. Risk allocation: Projects risks such as soil conditions and weather or commercial and technical risks relating to design and construction have been assigned to the Contractor. The Authority accepts its liability to pay damages to the Contractor for any delays in handing over the land, approvals from road authorities for road over-bridges/under- bridges at level crossings, environment clearances, shifting of utilities and approvals in respect of engineering scale plan, signalling interlocking plan and route control chart.

Technical parameters. The Standard EPC Agreement specifies the required design standards and allows the Contractor to design and construct the project using design engineering and global best practices to achieve quality, speed, efficiency and economy as compared to the item rate contract that relies on a single fixed design provided by the Authority. Only the core requirements of design and construction of the railway project that have a bearing on the quality and safety of assets are to be specified and enough room would be left for the contractor to add value. This would provide the requisite flexibility to the contractor in evolving and adopting the efficient designs without compromising on the quality and safety. Contract period: The contract period is determined on a project-specific basis depending on the volume of construction work involved. The Contractor shall be liable to pay Damages at the specified rate of 0.05 per cent for each day of delay beyond the specified date of completion, subject to the total amount of Damages not exceeding 10 per cent of the Contract Price. However, the Contractor shall be entitled to time extension arising out of delays on account of change of scope and force majeure or delays caused by or attributable to the Authority. Selection of contractor: Selection of the contractor will be based on open competitive bidding. All project parameters such as the contract period, price adjustments and technical parameters are to be clearly stated upfront along with lump sum price for the Railway Project. Risk allocation: Projects risks such as soil conditions and weather or commercial and technical risks relating to design and construction have been assigned to the Contractor. The Authority accepts its liability to pay damages to the Contractor for any delays in handing over the land, approvals from road authorities for road over-bridges/under- under-bridges at level crossings, environment clearances, shifting of utilities and approvals in respect of engineering scale plan, plan and signalling interlocking plan and route control chartplan.