Time for Completion of Construction definition
Examples of Time for Completion of Construction in a sentence
In case the Concessionaire fails to complete the Works within the Time for Completion of Construction, the Authority shall issue a notice to the Concessionaire to complete the construction within such reasonable time as will be specified in the notice and shall also be asked to pay damages, as specified in Article 3.
Notwithstanding anything to the contrary in this Article, a revision in the Project Implementation Schedule that results in the extension of the Time for Completion of Construction will become effective only after it has been approved in writing by the Authority.
If the Concessionaire delays Completion of Construction beyond the Time for Completion of Construction and if in the opinion of the Independent Engineer, such delay is caused by any negligence, default, or failure of the Concessionaire, no extension of Time for Completion of Construction shall be given by the Authority.
Any such notice shall state the extent of the actual and anticipated delay and its anticipated effect on the Time for Completion of Construction, and shall specify the steps the Concessionaire proposes to take to minimize such delay.
If the Concessionaire intends to apply for an extension of the Time for Completion of Construction, the Concessionaire shall give notice to Independent Engineer and Authority of such intention as soon as possible and in any case within 28 (twenty eight) days of the start of the event giving rise to any such delay, together with any other notice required by this Concession Agreement and relevant to such cause.
The Concessionaire shall not be entitled to an extension of the Time for Completion of Construction, to the extent that the delay in respect of which the extension of time is requested is attributable to any negligence, default or breach of this Concession Agreement by the Concessionaire or those for whom it is responsible, as determined by the Independent Engineer.
The Concessionaire shall, at the same time, notify Authority and Independent Engineer of the steps being taken to expedite progress so as to achieve completion within the Time for Completion of Construction as specified under Article12.2.
If the Concessionaire delays completion of Construction beyond the Construction Period or the Time for Completion of Construction and if in the opinion of the Independent Engineer, such delay is caused by any negligence, default, or failure of the Concessionaire, no extension of the Construction Period or the Time for Completion of Construction shall be given by the Authority.
Notwithstanding anything to the contrary in this Article, a revision in the Project Implementation Schedule that results in the extension of the Construction Period or the Time for Completion of Construction shall become effective only after it has been approved in writing by the Authority.
The Concessionaire's proposal for adjustment to the Concession Period, Time for Completion of Construction and/ or modifications to this Concession Agreement.