Works and Equipment Approval Sample Clauses

Works and Equipment Approval. As the Works are being completed and/or it is needed to purchase or implement equipment, the CONCESSIONAIRE shall request the GRANTOR, with a copy to the OSITRAN, the receipt of them, attaching the respective report where its completion shall be established according to the approved EDI. The Works and Equipment shall comply with all the standards and technical parameters of design and construction, indicated in Annex 8 of the Contract. Likewise, they shall comply with the Applicable Laws and Basic Standards. Within the term of forty-five (45) calendar days in which the Works and/or Equipment are communicated and available, the GRANTOR shall determine the acceptance or denial of them, with OSITRAN’s prior opinion. By means of Certificate of Receipt of Works and/or Equipment, The GRANTOR shall certify that the execution of work and/or acquisition and implementation of the equipment comply with what is set forth in the Contract. Should the GRANTOR fail to declare in the established period, it shall be understood that the works or equipment had been accepted. The GRANTOR shall approve with observations the Works and/or Equipment in case that defects that do not affect the regular compensation of the services are found, whose correction, according to the report presented by XXXXXXX, do not represent more than one percent (1%) of the estimated budget in the corresponding EDI. In this case, the CONCESSIONAIRE shall have thirty (30) extendable Calendar Days up to additional fifteen (15) Calendar Days to make the correction of the observations. In case of denial of the Works and/or Equipment by the GRANTOR and without prejudice to the penalties described in Annex 9, the CONCESSIONAIRE shall comply with lifting objections or amending the irregularities detected, in such a way that the Operation may start. In case the established term for the corresponding correction expires, and that the Works and Equipment have not been accepted for causes attributable to the CONCESSIONAIRE, the GRANTOR shall be able to request the termination of the Agreement, with the OSITRAN’s prior opinion according to what is established in Clause Fifteen of this Contract and to claim compensation for the corresponding damages, without prejudice to the penalties that may have been charged or that may have been accrued previously. Should the CONCESSIONAIRE fail to agree with the GRANTOR’s declaration regarding the formulated observations, he may request that the dispute be resolved by a technic...
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Related to Works and Equipment Approval

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