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 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 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.

  • 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.

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

  • Owner shall pay the amount of the EPC Contract Price outstanding in full within ten (10) days of receipt of such invoice, subject to SUBSECTIONS 6.2.4 and 6.2.5 below.

  • The Successful Bidder shall submit Security Deposit (SD) 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;.

  • Owner shall pay the amount of the EPC Contract Price outstanding in full within 10 (ten) business days of receipt of such invoice or 30 (thirty) days of Final Acceptance, whichever occurs later, subject to Subsections 6.3.4 and 6.3.5 below.

  • The US$ Denominated L/C shall be reduced from time to time upon Supplier's delivery of Equipment or parts thereof under the Supply Contract by the amounts computed as described in Exhibit J-2, so that the US$ Denominated L/C will be reduced to 30% (Thirty Percent) of the sum of the US dollar denominated portion of the EPC Contract Price and the Supply Contract Price upon the completion of delivery of the Equipment.

  • In the event Contractor is delayed by Force Majeure, or the cost of the Work shall be increased, Contractor shall be entitled to an extension of time under Section 5.4 and the EPC Contract Price shall be increased to reflect the increase in the cost of the Work (including warranty) and added expenses incurred by Contractor including those described in Section 6.5.

  • The provisions of SECTION 8.3 (Requests) relating to reduction of the EPC Contract Price shall not apply to the suspension.


More Definitions of EPC Contract Price

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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EPC Contract Price means sum value of contract prices for the First and Second Contracts.
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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 the contractor responsible for engineering, procurement and construction of the Facility, including Seller if acting as contractor, and including all subcontractors.

  • 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, with respect to a Security and an Auto-Call Valuation Date or the Valuation Date, subject to the Adjustment Provisions, the price of such Security as determined by the Calculation Agent as of the Valuation Time on the relevant Exchange on such Auto-Call Valuation Date or the Valuation Date, as the case may be.

  • 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 the date, as determined by the Division after consultation with the Recipient, that operation of the Project is initiated or is capable of being initiated, whichever comes first.

  • Price Level means the price of the Share last determined and published by the Exchange on any day (official closing price).

  • Contract Quantity means the quantity of Delivered Energy expected to be delivered by Seller during each Contract Year as set forth in the Cover Sheet.

  • 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.