Associate Consultant definition
Examples of Associate Consultant in a sentence
In case Associate Consultant does not provide performance bank guarantee, an amount of 5% of the value of total consultancy fees shall be deducted from initial payments for various stages @ of 50% of due payment till total deduction on this account reaches 5% of total value of consultancy fees.
EPI shall be entitled to deduct such damages from the dues that may be payable to the Associate Consultant.
In case the Associate Consultant fails to complete the work within the contract period or extended period mentioned in clause 5.1.11 above owing to reasons attributable to Associate Consultant, liquidated damages @ 1% per week of the total fees subject to a maximum of 10% of the total fees payable shall be levied on the Associate consultant.
The Associate Consultant shall furnish performance guarantee on the proforma of EPI from a scheduled / nationalised bank to the extent of 5% of the value of total consultancy fees of Associate Consultant within 7 days of the signing of this Agreement.
All visits of Associate Consultant shall be with prior written approval of EPI.
The Associate Consultant shall have no claim on EPI in case release of money is delayed by client or project is not sanctioned to EPI.
EPI shall not be liable in any way to bear such losses and no compensation of any kind whatsoever will be payable by EPI to the Associate Consultant.
Payment of running bills shall be made to the Associate Consultant as per clause 4.0.0. No fees or expenses shall be payable to the Associate Consultant in case work is not awarded to EPI by client due to any reasons whatsoever.
In case of the Associate Consultant fails to complete the work within the contract period or extended period mentioned in clause 5.1.11 above owing to reasons attributable to Associate Consultant, liquidated damages @ 1% per week of the total fees subject to as maximum of 10% of the total fees payable shall be levied on the Associate Consultant.
Upon termination of the Agreement, the Associate Consultant will be excluded from the Associate Consultants Network, a fact which will be communicated by INTEGRAL to the Primary Contractors Primary for knowledge.