Common use of Build Clause in Contracts

Build. 1.5.1.1. During the Setup phase (as defined in the SOW), Provider will invest in the System design (as set forth in the SOW), importing the System, set-up, training, supplying raw material, install and check the system and more (together the “BUILD”) as stipulated in Appendix C - ▇▇▇▇ of Materials and Prices (the “BOM”) to BUILD the Project. It is noted that Provider’s estimate of the initial investment for the Build phase is 8,000,000 US$. 1.5.1.2. The implementation plan for this Build phase is specified in the PIP.

Appears in 2 contracts

Sources: Build, Operate and Transfer (Bot) Agreement (On Track Innovations LTD), Build, Operate and Transfer (Bot) Agreement (On Track Innovations LTD)