EPC Contract Price definition

EPC Contract Price means the price agreed between Bidder and the owner to complete the project as defined in Scope of work and including any other work required for completion of the project in all respect.
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EPC Contract Price means the total firm fixed lump sum price, payable to Contractor by Owner as set forth in SECTION 6.1 hereof and as adjusted pursuant to the provisions of this EPC Contract.
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EPC Contract Price means the price that the Joint Ventures have agreed to pay to the EPC Contractor under the EPC Contract.
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Examples of EPC Contract Price in a sentence

  • The terms and conditions and Guideline for e-Reverse Auction shall be as per attached Annexure.The reduction offered by the Bidder during e-Reverse Auction Process on the “Bid price per million unit” shall be considered for as an equivalent reduction in Total EPC Contract Price only.

  • The Successful Bidder shall submit Security Deposit cum Performance Bank Guarantee of 05% of the EPC Contract Price as per, Price break up (location wise), to be submitted within seven (7) working days, along with the acceptance of LoI, initially valid for a period as defined as per following from the date of issue of LoI; if required, the PBG shall have to be extended for further 3 months beyond the due date of successful completion of PG test.

  • The Successful Bidder shall submit Security Deposit cum Performance Bank Guarantee of 10% of the EPC Contract Price, within two weeks after issue of date of LOI, initially validity period of PBG should be for a total period up to twenty Four (24) months from the date of LOI.

  • Dredging: Dredging is often cost-prohibitive because the dredged material must be disposed of somewhere else, and the stream will usually fill back in with sediment.

  • The Successful Bidder shall submit Security Deposit cum Performance Bank Guarantee of 10% of the EPC Contract Price, within fifteen (15) days from the date of issue of Letter of Intent (LoI), initially valid for a period of twenty four (24) months from the date of issue of LoI or till the date of successful completion of PG test whichever is later;.

  • Accordingly, final EPC Contract Price will be arrived for all contractual purposes based Quoted O&M cost for 10 years and NEEGG for 10 years shall remain fixed and no change will be allowed in these parameters during e-Reverse Auction.4.12.13After e-Reverse Auction process, L1 bidder for the location shall be decided on lowest EBV.

  • The Successful Bidder shall submit Security Deposit cum Performance Bank Guarantee of 10% of the EPC Contract Price as per, Price break up (location wise), to be submitted within seven (7) working days, along with the acceptance of LoI, initially valid for a period as defined as per following from the date of issue of LoI; if required, the PBG shall have to be extended for further 3 months beyond the due date of successful completion of PG test.

  • Accordingly, final EPC Contract Price will be arrived for all contractual purposes based Quoted O&M cost for 5 years and NEEGG for 5 years shall remain fixed and no change will be allowed in these parameters during e-Reverse Auction.4.12.12After e-Reverse Auction process, L1 bidder for the Group shall be decided on lowest EBV.

  • A written Change in the Work order signed by Owner and Contractor and describing the Change in the Work, its effect, if any, on the EPC Contract Price, Payment Schedule, Scheduled Substantial Completion Date, Scheduled Final Acceptance Date, Project Schedule, and any other provision of this EPC Contract which is affected must be entered into by the parties in order for the Change to be effective.

  • Spare parts receiving, storage and preservation until SC shall be included in Contractor’s EPC Contract Price.


More Definitions of EPC Contract Price

EPC Contract Price means sum value of contract prices for the First and Second Contracts.
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EPC Contract Price is defined in Section 26.1.
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EPC Contract Price means, for any EPC Contract, the aggregate amount payable by the Borrower and/or the applicable Project Company Guarantor to the EPC Contractor pursuant to the terms of such EPC Contract.
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Related to EPC Contract Price

  • Contract Price means the price payable to the supplier under the contract for the full and proper performance of his contractual obligations.

  • The Contract Price/Project Cost means the price payable to the Vendor under the Contract for the full and proper performance of its contractual obligations.

  • The Contract Price means the price payable to the Supplier under the Contract for the full and proper performance of its contractual obligations.

  • Total Contract Price/Project Cost/TCO means the price payable to Service Provider over the entire period of Contract for the full and proper performance of its contractual obligations.

  • Total Contract Price/Project Cost/TCO means the price payable to Service Provider over the entire period of Contract for the full and proper performance of its contractual obligations.

  • Contract Price(s) means the price(s) tendered by the contractor and accepted by the Council for the execution of the contract.

  • The Contract Price/ Project Cost means the price payable to the Vendor under the Contract for the full and proper performance of its contractual obligations.

  • Total Contract Price means the total set out in "Tender Document Form: Contract Prices".

  • Original contract price means the award price of the contract; or, for requirements contracts, the price payable for the estimated total quantity; or, for indefinite-quantity contracts, the price payable for the specified minimum quantity. Original contract price does not include the price of any options, except those options exercised at the time of contract award.

  • EPC Contract means the Seller’s engineering, procurement and construction contract with the EPC Contractor.

  • EPC Contractor means Seller’s engineering, procurement and construction contractor or such Person performing those functions.

  • Project Completion Schedule means the progressive Project Milestones set forth in Schedule-J for completion of the Project Highway on or before the Scheduled Completion Date;

  • Final Price means (a) in the case of any Terminated Obligation, the amount determined pursuant to Clause 4, and (b) in the case of any Repaid Obligation, the amount determined pursuant to Clause 5, and

  • Project Completion Date means the date on which the Completion Certificate is issued;

  • Project Schedule means a document that, with respect to each Phase of the Project, identifies, coordinates and integrates the anticipated design and construction schedules, the Contracting Authority’s and Owner's responsibilities, government authority reviews and other activities as are necessary for the timely completion of the Work.

  • Unit Price Work means the Work, or a portion of the Work, paid for based on incremental units of measurement.

  • Project Completion means completion of the Redevelopment in accordance with this Agreement to the state where the whole of the Morley Shopping Centre, as so redeveloped, is capable of occupation for its intended purpose;

  • Completion Rate means the percentage of an apprenticeship cohort who receives a certificate of apprenticeship completion within 1 year of the projected completion date. An apprenticeship cohort is the group of individual apprentices registered to a specific program during a 1 year time frame, except that a cohort does not include the apprentices whose apprenticeship agreement has been cancelled during the probationary period or who have transferred.

  • Contract Quantity means the quantity of Gas to be delivered and taken as agreed to by the parties in a transaction.

  • State Contract Project means any erection or construction of, or any addition to, alteration of or other improvement to any building or structure, including, but not limited to, roads or highways, or the installation of any heating or cooling or ventilating plants or other equipment, or the supply of and materials for such projects, pursuant to a contract with the State of West Virginia for which bids were solicited on or after June 6, 2001.

  • project completion period means the period of sixty (60) months commencing from and expiring on for the construction and obtaining of Temporary Occupation Permit or Permits for the whole of the Development as provided in clause 3.3;

  • Product Price has the meaning set forth in Section 1.04.

  • Baseline Schedule means the initial time schedule prepared by Contractor for Owner’s information and acceptance that conveys Contractor’s and Subcontractors’ activities (including coordination and review activities required in the Contract Documents to be performed by A/E and ODR), durations, and sequence of work related to the entire Project to the extent required by the Contract Documents. The schedule clearly demonstrates the critical path of activities, durations and necessary predecessor conditions that drive the end date of the schedule. The Baseline Schedule shall not exceed the time limit current under the Contract Documents.

  • Contract Sum means the sum named in the letter of acceptance including Physical contingencies subject to such addition thereto or deduction there-from as may be made under the provisions hereinafter contained.

  • Base Capacity Resource Price Decrement means, for the 2018/2019 and 2019/2020 Delivery Years, a difference between the clearing price for Base Capacity Resources and the clearing price for Capacity Performance Resources, representing the cost to procure additional Capacity Performance Resources out of merit order when the Base Capacity Resource Constraint is binding.

  • Milestone Schedule means Seller’s milestone schedule, the form of which is attached to this Agreement as Exhibit Q.