Common use of Contract Price and Payments Clause in Contracts

Contract Price and Payments. 9.1 The Contract Price and the terms and schedule of payment shall be as set out in Annex C (Contract Price, and Payment Schedule). 9.2 This Agreement is a turnkey contract. The Contract Price is a lump sum price which includes all contingencies necessary to ensure compliance with the performance criteria set out in the Specifications. The Buyer shall not be liable for any additional costs for variations to the scope of the Equipment in order to secure compliance with the performance criteria of this Agreement. 9.3 The Contractor agrees that the Contract Price, and any other charges quoted in this Agreement, shall not be increased except in accordance with Clause 13. 9.4 The Contractor shall submit its invoices with supporting documents in triplicate to the Buyer at the address stated below or such other address and location as the Buyer may direct in writing:- Tel.: ▇▇▇▇▇▇▇▇ E-mail: ▇▇▇▇▇▇_▇▇▇▇▇@▇▇▇▇.▇▇▇.▇▇ 9.5 The Contract Price (together with GST thereon) shall be paid by the Buyer in accordance with the Payment Schedule set out in Annex C (Contract Price, Price Summary and Payment Schedule), after receipt of invoice together with all supporting documents from the Contractor. Each invoice for the relevant part of the Contract Price or the charges, as the case may be, shall be issued to the Buyer after the corresponding relevant stage of the supply of the Equipment has been duly completed and accepted by the Buyer in accordance with this Agreement, specifying the amount payable by the Buyer and attaching evidence of acceptance of the Equipment by the Buyer. The Buyer shall pay all undisputed charges within sixty (60) days of receipt of an invoice and all supporting documents. 9.6 The Parties shall use their best endeavours to resolve such disputes or differences in relation to the disputed charges in accordance with the dispute resolution process/procedure as contained in Clause 24. 9.7 Unless otherwise specified, all invoices will be billed in Singapore dollars and all payments required to be made under this Agreement shall be made in Singapore dollars. 9.8 Unless otherwise specified herein or agreed, all permits, licenses, royalties and fees whatsoever claimable by or payable to any person, firm or corporation or government or in connection with intellectual property used or required to be used in connection with the Contractor’s obligations under this Agreement are deemed to be included in the Contract Price, and shall be for the account of the Contractor and shall not be charged to the Buyer. 9.9 Unless otherwise expressly provided, all amounts stated in this Agreement expressed to be exclusive of any GST arising in respect of the supply and delivery of Equipment made hereunder shall on the issue of a valid tax invoice in respect of the same be paid to the Party making such supply by the Party to whom it is made in addition to any other consideration payable. Save for the foregoing, all other Taxes shall be borne by the Contractor, including without limitation any withholding tax payable as a result of this Agreement. The Buyer shall pay to the Contractor all amounts due under this Agreement net of any withholding tax, and shall be permitted and entitled, if required in compliance with applicable laws or regulations, to withhold or deduct from the amounts payable to the Contractor under this Agreement such taxes, withholdings and/or deductions. 9.10 Any payment to the Contractor shall not be construed as acceptance or receipt of the Equipment or any part thereof by the Buyer.

Contract Price and Payments. 9.1 10.1 The Contract Price and the terms and schedule of payment shall be as set out in Annex C (Contract Price, Price Summary and Payment Schedule). 9.2 10.2 This Agreement is a turnkey contract. The Contract Price is a lump sum price which includes all contingencies necessary to ensure compliance with the performance criteria set out in the Specifications. The Buyer Company shall not be liable for any additional costs for variations to the scope of the Equipment Works or in order to secure compliance with the performance criteria of this Agreement. 9.3 10.3 The Contractor agrees that the Contract Price, and any other charges quoted in this Agreement, shall not be increased except in accordance with Clause 1314. 9.4 10.4 The Contractor shall submit its invoices with supporting documents in triplicate to the Buyer Company at the address stated below or such other address and location as the Buyer Company may direct in writing:- Attn: Tel.: ▇▇▇▇▇▇▇▇ Fax: E-mail: ▇▇▇▇▇▇_▇▇▇▇▇@▇▇▇▇Copy to Attn: Tel.▇▇▇.▇▇: Fax: Email: 9.5 10.5 The Contract Price (together with GST VAT thereon) shall be paid by the Buyer Company in accordance with the Payment Schedule set out in Annex C (Contract Price, Breakdown of Price, Price Summary and Payment Schedule), after receipt of invoice together with all supporting documents from the Contractor. Each invoice for the relevant part of the Contract Price or the charges, as the case may be, shall be issued to the Buyer Company after the corresponding relevant stage of the supply and performance of the Equipment Works has been duly completed and accepted by the Buyer Company in accordance with this Agreement, specifying the amount payable by the Buyer Company and attaching evidence of acceptance of the Equipment Works by the BuyerCompany. The Buyer Company shall pay all undisputed charges within sixty (60) days of receipt of an invoice and all supporting documents. 9.6 10.6 The Parties shall use their best endeavours to resolve such disputes or differences in relation to the disputed charges in accordance with the dispute resolution process/procedure as contained in Clause 24. 9.7 10.7 Unless otherwise specified, all invoices will be billed in Singapore dollars and all payments required to be made under this Agreement shall be made in Singapore dollars. 9.8 10.8 Unless otherwise specified herein or agreed, all permits, licenses, royalties and fees whatsoever claimable by or payable to any person, firm or corporation or government or in connection with intellectual property used or required to be used in connection with the Contractor’s obligations under this Agreement are deemed to be included in the Contract Price, and shall be for the account of the Contractor and shall not be charged to the BuyerCompany. 9.9 10.9 Unless otherwise expressly provided, all amounts stated in this Agreement expressed to be exclusive of any GST VAT arising in respect of the supply and delivery performance of Equipment the Works made hereunder shall on the issue of a valid tax invoice in respect of the same be paid to the Party making such supply by the Party to whom it is made in addition to any other consideration payable. Save for the foregoing, all other Taxes shall be borne by the Contractor, including without limitation any withholding tax payable as a result of this Agreement. The Buyer Company shall pay to the Contractor all amounts due under this Agreement net of any withholding tax, and the Company shall be permitted and entitled, if required in compliance with applicable laws or regulations, to withhold or deduct from the amounts payable to the Contractor under this Agreement such taxes, withholdings and/or deductions. 9.10 10.10 Any payment to the Contractor shall not be construed as acceptance or receipt of the Equipment Works or any part thereof by the BuyerCompany.

Contract Price and Payments. 9.1 10.1 The Contract Price and the terms and schedule of payment shall be as set out in Annex C Appendix D (Contract PriceBreakdown of Prices, Price Summary, Payment and Payment Technical Schedule). 9.2 10.2 This Agreement is a turnkey contract. The Contract Price is a lump sum price which includes all contingencies necessary to ensure compliance with the performance criteria set out in the Specifications. The Buyer Company shall not be liable for any additional costs for variations to the scope of the Equipment Works or in order to secure compliance with the performance criteria of this Agreement. 9.3 10.3 The Contractor agrees that the Contract Price, and any other charges quoted in this Agreement, shall not be increased except in accordance with Clause 13Article 14. 9.4 10.4 The Contractor shall submit its invoices with supporting documents in triplicate to the Buyer Company at the address stated below or such other address and location as the Buyer Company may direct in writing:- Tel.: ▇▇▇▇▇▇▇▇ E-mail: ▇_▇▇▇▇▇_▇▇▇▇▇@▇▇▇▇.▇▇▇.▇▇ 9.5 10.5 The Contract Price (together with GST thereon) shall be paid by the Buyer Company in accordance with the Payment Schedule set out in Annex C Appendix D (Contract PriceBreakdown of Prices, Price Summary Summary, Payment and Payment Technical Schedule), after receipt of invoice together with all supporting documents from the Contractor. Each invoice for the relevant part of the Contract Price or the charges, as the case may bemaybe, shall be issued to the Buyer Company after the corresponding relevant stage of the supply performance of the Equipment Works has been duly completed and accepted by the Buyer Company in accordance with this Agreement, specifying the amount payable by the Buyer Company and attaching evidence of acceptance of the Equipment Works by the BuyerCompany. The Buyer Company shall pay all undisputed charges within sixty (60) days of receipt of an invoice and all supporting documents. 9.6 10.6 The Parties shall use their best endeavours endeavors to resolve such disputes or differences in relation to the disputed charges in accordance with the dispute resolution process/process/ procedure as contained in Clause Article 24. 9.7 10.7 Unless otherwise specified, all invoices will be billed in Singapore dollars and all payments required to be made under this Agreement shall be made in Singapore dollars. 9.8 10.8 Unless otherwise specified herein or agreed, all permits, licenses, royalties and fees whatsoever claimable by or payable to any person, firm or corporation or government or in connection with intellectual property used or required to be used in connection with the Contractor’s obligations under this Agreement are deemed to be included in the Contract Price, and shall be for the account of the Contractor and shall not be charged to the BuyerCompany. 9.9 10.9 Unless otherwise expressly provided, all amounts stated in this Agreement expressed to be exclusive of any GST arising in respect of the supply and delivery performance of Equipment the Works made hereunder shall on the issue of a valid tax invoice in respect of the same be paid to the Party making such supply by the Party to whom it is made in addition to any other consideration payable. Save for the foregoing, all other Taxes shall be borne by the Contractor, including without limitation any withholding tax payable as a result of this Agreement. The Buyer Company shall pay to the Contractor all amounts due under this Agreement net of any withholding tax, and the Company shall be permitted and entitled, if required in compliance with applicable laws or regulations, to withhold or deduct from the amounts payable to the Contractor under this Agreement such taxes, withholdings and/or deductions. 9.10 10.10 Any payment to the Contractor shall not be construed as acceptance or receipt of the Equipment Works or any part thereof by the BuyerCompany.