Examples of Handback Survey in a sentence
Under Schedule 18 (Handback Procedure) of this Agreement, the Authority will arrange for an independent condition survey (Handback Survey) to be carried out prior to the Expiry Date, which will identify any rectification or maintenance work to be undertaken.
The School Board Representatives will be entitled to attend at such Handback Survey.
Under Schedule 18 (Handback Procedure), the Authority will arrange for an independent condition survey (Handback Survey) to be carried out prior to the Expiry Date, which will identify any rectification or maintenance work to be undertaken.
Thirty months prior to the Expiry Date, a Handback Survey will be carried out.
On the date of the Handback Survey and thereafter until the Expiry Date the Handback Assets shall satisfy the requirements of this Part 3 of these O&M Works Requirements (the ‘ Handback Requirements’).
Promptly following delivery of any notice of an event or circumstance which would give either party a right to terminate this Agreement, prior to the Expiry Date, in accordance with Section 2.1 [Term and Termination] of the Project Agreement,Project Co and the Authority will conduct a joint inspection and survey of the Facility (the " Handback Survey") and prepare a written summary of the results of the Handback Survey.
The Independent Expert shall, in the written Initial Handback Survey, identify any Remedial Works that are required in order that the Project Road achieve the Handback Requirements as at the Expiry Date and the estimated cost of carrying out such Remedial Works.
Project Co and the Authority will mutually agree on the independent inspector to be engaged to conduct the Handback Survey but the cost of such independent inspector will be paid by Project Co.
The results of the Handback Survey will be used to identify the Remaining Useful Life of the components of the Facility and to evaluate the results in comparison to the Minimum Remaining Useful Life criteria included in Appendix 7E [ Condition Assessment Evaluation].