Examples of EPC Agreement in a sentence
The parties shall consent to joinder or consolidation with respect to any disputes involving common issues of law or fact with respect to the Facility, the EPC Agreement or any other agreement relating to the Facility.
Together with the Schedules, the proposed framework of the Model EPC Agreement incorporates international best practices and embodies an enabling contractual framework for construction of highways in an efficient, economical and competitive environment.
The Standard EPC Agreement specifies the required design standards and allows the Contractor to design and construct the project using best practices to achieve quality, efficiency and economy as compared to the item rate contract that relies on a single design provided by the Authority.
This Standard EPC Agreement provides a contractual framework that specifies the allocation of risks and rewards, equity of obligations between Authority and the Contractor, precision and predictability of costs, force majeure, termination and dispute resolution, apart from transparent and fair procedures.
This Standard EPC Agreement provides a contractual framework that balances the allocation of risks & rewards, provides equity of obligations & penalties between Authority and the Contractor, minimises the ambiguities and uncertainties, thus improves the predictability of cost & time.