RECOVERY CLAUSE. In case of any damage of equipment/machinery due to negligence of agency or any other reasons attributed to agency the decision of Engineer-in-charge regarding the amount of recovery shall be final and binding subject to a maximum of 10% of contract value. Recovery will be affected from the monthly bills and/or retention money/security deposit.
Appears in 1 contract
Sources: Biennial Rate Contract
RECOVERY CLAUSE. In case of any damage of equipment/machinery due to negligence of agency contractor or any other reasons attributed to agency contractor the decision of Engineer-in-charge regarding the amount of recovery shall be final and binding subject to a maximum of 10% of contract value. Recovery will be affected from the monthly bills and/or retention money/security deposit.
Appears in 1 contract
Sources: Bi Annual Maintenance Contract