Examples of Completion Cost in a sentence
In case the Damages and the interest thereof are more than the 1st Annuity payment then the balance Damages along with interest thereof shall be recovered from any further amount due and payable to the Concessionaire excluding O&M Payments but including interest to be paid on reducing balance of the Completion Cost remaining to be paid along with the 1st Annuity or from further Annuity payments.
In the event that the Concessionaire shall achieve COD more than 30 (thirty) days prior to the Scheduled Completion Date, the Authority shall pay to the Concessionaire a bonus equal to 1/30% (one by thirty per cent) of the Completion Cost for every day by which COD shall precede the Scheduled Completion Date.
If the sum of the Completion Costs plus the amounts previously paid to Construction Manager is less than the GMP, Owner shall pay to Construction Manager any unpaid balance of the amounts due to Construction Manager for Work properly performed by Construction Manager and accepted by Owner, but only to the extent that such payment does not cause the sum of the Completion Cost plus the payments to Construction Manager to exceed the GMP.
Costs shall state the difference between the Final Contract Sum and the Completion Cost.
If the unpaid portion of the Contract Price at the time of the termination of this Agreement exceeds the Completion Cost, then the Client shall pay to the EPC Contractor the amount of such excess within twenty (20) days after the Client’s determination of the Completion Cost.