Common use of Sufficiency of the Consideration Clause in Contracts

Sufficiency of the Consideration. 18.5.1. The Consideration shall be the full consideration for the performance of Supplier's obligations as stipulated in this Contract, and shall include any and all costs and expenses incurred by the Supplier in the performance of its obligations, including working hours, packaging, customs, taxes, insurance, errands, per diem expenses and travel expenses and any other expense. The Supplier shall not be entitled to any additional payment beyond the prices stipulated in the Price Proposal. 18.5.2. No adjustment of the Consideration or the prices herein shall be made, including in respect of any rise in the cost of labor, materials, transport or any matter affecting the cost of the execution of the Works during the term of this Contract, except in the event of a Variation, or as provided otherwise elsewhere in this Contract. 18.5.3. The Supplier shall be deemed to have inspected, examined and familiarized itself with the scope and nature of the Works, the conditions of the Site and any other circumstances and risks which may affect the assumption of its obligations under the Contract, and to be satisfied as to the correctness and sufficiency of the Consideration.

Appears in 2 contracts

Sources: Contract for Design, Supply, Installation, Commissioning and Support of Passenger Boarding Bridges, Contract for Design, Supply, Installation, Integration, Maintenance and Support of Carry on Baggage Checkpoint and Management System

Sufficiency of the Consideration. 18.5.119.5.1. The Consideration shall be the full consideration for the performance of Supplier's obligations as stipulated in this Contract, and shall include any and all costs and expenses incurred by the Supplier in the performance of its obligations, including working hours, packaging, customs, taxes, insurance, errands, per diem expenses and travel expenses and any other expense. The Supplier shall not be entitled to any additional payment beyond the prices stipulated in the Price Proposal. 18.5.219.5.2. No adjustment of the Consideration or the prices herein shall be made, including in respect of any rise in the cost of labor, materials, transport or any matter affecting the cost of the execution of the Works during the term of this Contract, except in the event of a Variation, or as provided otherwise elsewhere in this Contract. 18.5.319.5.3. The Supplier shall be deemed to have inspected, examined and familiarized itself with the scope and nature of the Works, the conditions of the Site and any other circumstances and risks which may affect the assumption of its obligations under the Contract, and to be satisfied as to the correctness and sufficiency of the Consideration.

Appears in 1 contract

Sources: Contract for Design, Supply, Installation, Commissioning and Maintenance of an Advanced Visual Docking Guidance System