Provisional Sums definition
Provisional Sums means a sum included in the Contract and so designated in the Bill of Quantities for the execution of any part of the Works or for the supply of goods, materials, Plant or services, or for contingencies, which sum may be used, in whole or in part, or not at all, on the instruction of the Engineer. The Contractor shall be entitled to only such amounts in respect of the work, supply or contingencies to which such Provisional Sums relate as the Engineer shall determine in accordance with the Clause. The Engineer shall notify the Contractor of any determination made under this Sub-clause.
Provisional Sums means amounts of money specified by the Procuring Entity in the Bill of Quantities which shall be used, at its discretion, for payments to nominated Subcontractors and other purposes detailed in the Tender Documents;
Provisional Sums means an amount (if any) which is specified in the Bid as a provisional estimate in cases in which the full extent or nature of the work is not yet known for the proposed execution of any part of the Works or for the supply of plant, materials or services as may be instructed by the Engineer under GCC Sub-Clause 13.5.
Examples of Provisional Sums in a sentence
Contractor’s Books and Records may be audited as necessary to (i) validate all amounts billed under any Change Orders that are not a fixed price, the reimbursable costs incurred with respect to any Provisional Sums, and (ii) review and confirm safety records, provided that if pursuant to Section 7.
The Contract Price is subject to adjustment only by Change Order as provided in Article 6, and includes all Taxes (excluding Direct Trade Measure Costs, as further described in Section 7.1A) payable by Contractor and its Subcontractors and Sub-subcontractors in connection with the Work and all Provisional Sums.
More Definitions of Provisional Sums
Provisional Sums or Provisional Lump Sum" means Lump Sum included by the corporation in the tender document and represents the estimated value of work for which details are not available at the time of going to tender.
Provisional Sums means a sum included in the Contract and so designated in the
Provisional Sums means amounts of money specified by the Procuring Entity in the BOQ which shall be used, at its discretion for meeting other essential expenditures under the Contract pursuant to GCC Sub Clause 75.
Provisional Sums means a sum included in the Contract and so designated in the Bill of Quantities for the execution of any part of the Works or for the supply of goods, materials, Plant or services, or for contingencies, which sum may be
Provisional Sums means the provisional sums described in Attachment GG with each provisional being a “Provisional Sum.”
Provisional Sums means the provisional sums described in Attachment JJ with each provisional being a “Provisional Sum.” “Punchlist” means those finishing items required to complete the Work, the completion of which shall not interrupt, disrupt or interfere with the safe and reliable operation or use of all or any part of the Train 5 Facility as contemplated by this Agreement, as more fully described in Section 11.6 of this Agreement. “[***]”. “Quality Plan” has the meaning set forth in Section 3.18. “Ready for Feed Gas Introduction” or “RFFGI” means, with respect to Train 5, that all of the following have occurred: (i) Contractor has commissioned the systems and subsystems for RFFGI of Equipment for Train 5 and completed the activities necessary to support the introduction of hydrocarbons, including the utility and process systems, safeguarding and shutdown systems have been pre-commissioned, commissioned and integrity verified, all as set forth in greater detail in Attachment A and Attachment M; (ii) Train 5 is ready for acceptance of natural gas feed; (iii) Contractor has provided the required documents for FERC approval; and (iv) Contractor has delivered to Owner a RFFGI Certificate in the form of Schedule L-1 and Owner has accepted such certificate by signing such certificate. “Ready for Start Up” or “RFSU” means, with respect to Train 5, that all of the following have occurred: (i) Contractor has achieved and maintained Ready for Feed Gas Introduction for Train 5; (ii) all activities necessary to support the introduction of hydrocarbons, including all utility and process utility, safeguarding and shutdown systems have been pre-commissioned, commissioned and integrity verified; (iii) Commissioning is RGLNG T5 – ▇▇▇▇▇▇▇ – Train 5 EPC Agreement 16 Exhibit 10.2 complete, cool down can commence for Train 5, and Train 5 is ready for startup and acceptance of feed gas; (iv) Equipment vendor representatives and other specialist Subcontractors required to support RFSU and early operations are mobilized at the Project Site; (v) Contractor has delivered to Owner a RFSU Certificate in the form of Schedule L- 3 and Owner has accepted such certificate by signing such certificate; and (vi) performance by Contractor of all other obligations required under this Agreement for RFSU of Train 5. “Ready to Load First Cargo” or “RLFC” means that all of the following have occurred with respect to Train 5: (i) Contractor has achieved and maintained RFSU for Train 5; (ii) the LNG Storage Tank ...
Provisional Sums. Again not new but look carefully at the definition. • “Rectification”. Gone is “Defects liability”. We now have an obligation to make good defects, shrinkages or faults in the materials or workmanship.