Common use of Long Term Projects Clause in Contracts

Long Term Projects. Our standard Terms of Payment are as follows: For installation works long term projects 1 week or more in duration progress claims are required: Weekly progress claims will be made and these will include: a) All unfixed materials at site. b) Electrical switchboards designed specifically for this project. c) Mains and sub mains cables. d) All materials and other equipment stored off site because of delays in. construction or unavailability of site access. e) All approved variation works in progress. 80% of all unapproved variations of works in progress. In addition, initial progress claims will also include up to 10% of the contract value for mobilisation, project setting up, commitment to initial procurement of materials and subcontracts and other costs and obligations incurred at the commencement of the project. f) For Light Fittings: Monthly progress claims based on the following milestones: 20% on placement of order 50% on delivery 25% on completion of fit out. g) 5% on completion of works testing. For General Works: Weekly progress claims based on the following milestones: 20% on placement of order 40% on completion of the rough-­‐‑in 35% on completion of works and before certification is issued 5% on expiry of defects liability period

Long Term Projects. Our standard Terms of Payment are as follows: For installation works long term projects 1 week or more in duration progress claims are required: Weekly progress claims will be made and these will include: a) All unfixed materials at site. b) Electrical switchboards designed specifically for this project. c) Mains and sub mains cables. d) All materials and other equipment stored off site because of delays in. construction or unavailability of site access. e) All approved variation works in progress. 80% of all unapproved variations of works in progress. In addition, initial progress claims will also include up to 10% of the contract value for mobilisation, project setting up, commitment to initial procurement of materials and subcontracts and other costs and obligations incurred at the commencement of the project. f) For Light Fittings: Monthly progress claims based on the following milestones: 20% on placement of order 50% on delivery 25% on completion of fit out. g) 5% on completion of works testing. For General Works: Weekly progress claims based on the following milestones: 20% on placement of order 40% on completion of the rough-­‐‑in rough‐in 35% on completion of works and before certification is issued 5% on expiry of defects liability period

Long Term Projects. Our standard Terms of Payment are as follows: For installation works long term projects 1 week or more in duration progress claims are required: Weekly progress claims will be made and these will include: a) All unfixed materials at site. b) Electrical switchboards designed specifically for this project. c) Mains and sub mains cables. d) All materials and other equipment stored off site because of delays in. construction or unavailability of site access. e) All approved variation works in progress. 80% of all unapproved variations of works in progress. In addition, initial progress claims will also include up to 10% of the contract value for mobilisation, project setting up, commitment to initial procurement of materials and subcontracts and other costs and obligations incurred at the commencement of the project. f) For Light Fittings: Monthly progress claims based on the following milestones: 20% on placement of order 50% on delivery 25% on completion of fit out. g) 5% on completion of works testing. For General Works: Weekly progress claims based on the following milestones: 20% on placement of order 40% on completion of the rough-­‐‑in rough-in 35% on completion of works and before certification is issued 5% on expiry of defects liability period