THE WORKS. 3.1 The Beneficiary shall carry out the Works in a timely manner, and in accordance with all relevant standards including health and safety, quality, and environmental standards as well as Applicable Laws. 3.2 The Beneficiary confirms that, in the event it elects to carry out or procure the Works, it is prepared to proceed with the Works on the terms set out in this Agreement including the Schedule. 3.3 The Beneficiary shall provide the Company with regular written progress updates in relation to the Works and in particular will update the Company on the following at least once per calendar month: (a) information on the progress of the Works to date (including actual cost of the Works to date); (b) a forecast of future cost of the Works up to the completion of the Works; (c) a project plan showing the outstanding Works; and (d) the latest estimated date for the completion of the Works and the associated risks and mitigation measures.
Appears in 4 contracts
Samples: Funding Agreement, Funding Agreement, Funding Agreement
