Common use of Remuneration and reimbursable expenditures Clause in Contracts

Remuneration and reimbursable expenditures. 53.1 Payments of Services do not relieve the Consultant of any obligation hereunder. 53.2 Remuneration for the Personnel shall be determined on the basis of time actually spent by such Personnel in the performance of the Services including other additional factors indicated in the SCC after the date determined in accordance with GCC Clause 22, or such other date as the Parties shall agree in writing, including time for necessary travel via the most direct route, at the rates referred to, and subject to such additional provisions as are set forth, in the SCC. 53.3 Remuneration for periods of less than one month shall be calculated on an hourly basis for time spent in home office (the total of 176 hours per month shall apply) and on a calendar-day basis for time spent away from home office (1 day being equivalent to 1/30th of a month). 53.4 Reimbursable expenditures actually and reasonably incurred by the Consultants in the performance of the Services are provided in the SCC. 53.5 Billings and payments in respect of the Services shall be made as follows: (a) The Procuring Entity shall cause to be paid to the Consultant an advance payment as specified in the SCC, and as otherwise set forth below. The advance payment shall be due after the Consultant provides an irrevocable standby letter of credit in favor of the Procuring Entity issued by an entity acceptable to the Procuring Entity in accordance with the requirements provided in the SCC. (b) As soon as practicable and not later than fifteen (15) days after the end of each calendar month during the period of the Services, the Consultant shall submit to the Procuring Entity, in duplicate, itemized statements, accompanied by copies of receipted invoices, vouchers and other appropriate supporting materials, of the amounts payable pursuant to GCC Clauses 52.1 and 53 for such month. Separate monthly statements shall be submitted in respect of amounts payable in foreign currency and in local currency. Each separate monthly statement shall distinguish that portion of the total eligible costs which pertains to remuneration from that portion which pertains to reimbursable expenditures. (c) The Procuring Entity shall cause the payment of the Consultant’s monthly statements within sixty (60) days after the receipt by the Procuring Entity of such statements with supporting documents. Only such portion of a monthly statement that is not satisfactorily supported may be withheld from payment. Should any discrepancy be found to exist between actual payment and costs authorized to be incurred by the Consultant, the Procuring Entity may add or subtract the difference from any subsequent payments. Interest shall be paid for delayed payments following the rate provided in the SCC.

Remuneration and reimbursable expenditures. 53.1 Payments of Services do not relieve (a) Subject to the Consultant of any obligation hereunderceilings specified in Clause GC6.1(b)hereof, the Client shall pay to the Consultants (i) remuneration as set forth in Clause GC6.2(b), and (ii) reimbursable expenditures as set forth in Clause GC6.2(c). If specified in the SC, said remuneration shall be subject to price adjustment as specified in the SC. 53.2 (b) Remuneration for the Personnel shall be determined on the basis of time actually spent by such Personnel in the performance of the Services including other additional factors indicated in the SCC after the date determined in accordance with GCC Clause 22, GC2.3 and Clause SC2.3 (or such other date as the Parties shall agree in writing, ) (including time for necessary travel via the most direct route, ) at the rates referred to, and subject to such additional provisions as are set forth, in the SCCSC. 53.3 Remuneration for periods of less than one month shall be calculated on an hourly basis for time spent in home office (the total of 176 hours per month shall applyc) and on a calendar-day basis for time spent away from home office (1 day being equivalent to 1/30th of a month). 53.4 Reimbursable expenditures actually and reasonably incurred by the Consultants in the performance of the Services are provided in the SCC. 53.5 Billings and payments in respect of the Services shall be made as follows: (a) The Procuring Entity shall cause to be paid to the Consultant an advance payment Services, as specified in SC. (d) Notwithstanding anything to the contrary stated in the GCC and SCC, and it shall be mandatory to deploy the key personnel as otherwise set forth belowper the Man- Months Input specified in the Terms of Reference. Inadequate deployment of key personnel shall lead to deduction in the monthly payment as per following table. The advance key personnel shall be considered to be inadequately deployed if he/she is not present for at least 90% of the time stipulated in the month, as per the Man Months Input in the Terms of Reference and the Deployment Schedule proposed by the firm. S N Key Personnel % deduction in monthly payment 1 Team Leader, 30% 2 Contract Professional, 15% 3 Quality Professional 15% 4 Legal Professional 10% 5 Finance Professional 5% 6 Civil Engineer, 5% 7 Electrical Engineer, 5% 8 Mechanical Engineer, 5% 9 Electronics/IT Engineer, 5% 10 Assistant 5% For avoidance of doubt, in case the Team Leader has not been made available for 90% of the stipulated time in the month, then only 70% of the monthly payment shall be due after the Consultant provides an irrevocable standby letter of credit in favor of the Procuring Entity issued by an entity acceptable to the Procuring Entity in accordance with the requirements provided in the SCCreleased. (b) As soon as practicable and not later than fifteen (15) days after the end of each calendar month during the period of the Services, the Consultant shall submit to the Procuring Entity, in duplicate, itemized statements, accompanied by copies of receipted invoices, vouchers and other appropriate supporting materials, of the amounts payable pursuant to GCC Clauses 52.1 and 53 for such month. Separate monthly statements shall be submitted in respect of amounts payable in foreign currency and in local currency. Each separate monthly statement shall distinguish that portion of the total eligible costs which pertains to remuneration from that portion which pertains to reimbursable expenditures. (c) The Procuring Entity shall cause the payment of the Consultant’s monthly statements within sixty (60) days after the receipt by the Procuring Entity of such statements with supporting documents. Only such portion of a monthly statement that is not satisfactorily supported may be withheld from payment. Should any discrepancy be found to exist between actual payment and costs authorized to be incurred by the Consultant, the Procuring Entity may add or subtract the difference from any subsequent payments. Interest shall be paid for delayed payments following the rate provided in the SCC.