Examples of Major Bridge in a sentence
Payment Arrangement Incurred contract amount will be paid by GSZ Company to CR Major Bridge by instalments based on the construction progress of not less than RMB500,000 each time.
The remaining balance of the quality guarantee deposit will be returned by GSZ Company to CR Major Bridge within 30 days after completion of the acceptance inspection.
CR Major Bridge CR Major Bridge is a limited liability company established in the PRC and is wholly owned by CREC.
After the monthly measurement report submitted by CR Major Bridge for the supervisor’s review, GSZ Company will pay 50% of the tentative measurement amount of the current period as the first payment.
After the completion of the final account review and filing and the completion of final account audit of the project, 80% of the balance of the quality guarantee deposit will be returned by GSZ Company to CR Major Bridge within 30 days from the date when the settlement amount is finalised.
Performance Guarantee Within 28 days after receiving the letter of acceptance and before the signing of the Construction Works Agreement (TJ4 Bid Section), CR Major Bridge shall provide a performance guarantee in the amount equivalent to 10% of the contract price in the form of cash (or cheque), bank guarantee or other legal means, which shall remain effective until GSZ Company starts to deduct the quality guarantee deposit.
GSZ Company established a bid evaluation committee in accordance with the requirements of relevant laws and regulations, and awarded the contract to CR Major Bridge after considering the bidder’s bid price, experience and performance, technical capabilities and reputation comprehensively.
Effectiveness The Construction Works Agreement (TJ4 Bid Section) shall become effective upon CR Major Bridge having provided the performance guarantee and the parties having signed and stamped the contract.
The contract price of approximately RMB1,044,195,888 was determined based on the bidding price provided by CR Major Bridge.
A premium quality award in an amount equivalent to 2% of a designated portion of the contract price will be paid to CR Major Bridge if the particular conditions agreed in the Construction Works Agreement (TJ4 Bid Section) are satisfied.