Accepted Subcontract Amount definition

Accepted Subcontract Amount. ‘Accepted Subcontract Amount’ means either the Lump Sum Amount or the total sum derived from the multiplication of quantities of such item and its rates accepted by the Company and after deduction of all rebates / debits as per the Accepted Priced ▇▇▇▇ of Quantities of the
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Examples of Accepted Subcontract Amount in a sentence

  • Unless otherwise specified in the Letter of Intent or the Work Order or the Subcontract’ the Accepted Subcontract Amount shall be firm till the completion of the Subcontract Works and shall not be subject to escalation of any kind whatsoever.

  • If the Subcontractor / PRW fail to complete the Works or each Section / Milestone thereof within the stipulated Time for Completion, the Subcontractor / PRW shall pay Delay Damages to the Company for this default at 0.75% of Accepted Subcontract Amount per week beyond stipulated Time for Completion subject to maximum of 10% of Accepted Subcontract Amount.

  • The Subcontractor shall be deemed to have satisfied itself as to the correctness and sufficiency of the Accepted Subcontract Amount and deemed to have based the Accepted Subcontract Amount on the data, interpretations, necessary information, inspections, examinations and satisfaction as to all relevant matters.

  • The Paying Agent shall invest any cash included in the Exchange Fund, as directed by P▇▇▇▇▇, on a daily basis.

  • SUBCONTRACT AMOUNT The Accepted Subcontract Amount shall cover all the obligations, duties, responsibilities or liabilities of the Subcontractor under the Work Order / Subcontract and all the things (including all incidental and connected things whether explicitly mentioned or otherwise) necessary for the proper execution and completion of the Works fit for the purpose and the remedying of any defects.