Common use of Function of the Project Monitoring Committee Clause in Contracts

Function of the Project Monitoring Committee. a) The function of the Project Monitoring Committee shall be only to resolve disputes that may arise on technical matters in relation to any decision or findings of the Project Engineer. b) Within seven (7) days of receipt of the above documents, the other Parties shall submit: (i) a description of the dispute; (ii) a statement of that party's position; and (iii) copies of relevant documentary evidence in support of such position. c) The Project Monitoring Committee may call for such further documentary evidence and/or interview such persons as they deem necessary in order to reach their decision. d) In the event the question(s) are not settled through such mutual consultation and negotiations within a period of five (5) days as evidenced by signing of a written settlement on the question(s) raised, the Project Monitoring Committee shall proceed to reach a decision on the question(s) so referred and shall give a reasoned decision based on the reasons submitted by the Parties and the decision in question of an auditor or the Project Engineer, as the case may be. e) The Project Monitoring Committee shall give a reasoned decision within a period of thirty (30) days from the date of receipt of the written documents under section 9.6 (c)

Appears in 1 contract

Sources: Project Implementation Agreement

Function of the Project Monitoring Committee. a) The function of the Project Monitoring Committee shall be only to resolve disputes that may arise on technical matters in relation to any decision or findings of the Project Engineer. b) Within seven (7) days of receipt of the above documents, the other Parties shall submit: (i) a description of the dispute; (ii) a statement of that party's position; and (iii) copies of relevant documentary evidence in support of such position. c) The Project Monitoring Committee may call for such further documentary evidence and/or interview such persons as they deem necessary in order to reach their decision. d) In the event the question(s) are not settled through such mutual consultation and negotiations within a period of five (5) days as evidenced by signing of a written settlement on the question(s) raised, the Project Monitoring Committee shall proceed to reach a decision on the question(s) so referred and shall give a reasoned decision based on the reasons submitted by the Parties and the decision in question of an auditor or the Project Engineer, as the case may be. e) The Project Monitoring Committee shall give a reasoned decision within a period of thirty (30) days from the date of receipt of the written documents under section 9.6 (c)

Appears in 1 contract

Sources: Project Implementation Agreement