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Contract - Assignment Example

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Contract

There are six milestones: Materials (90 days) Construction work (2.5 years) Construction/ handicraft work (21/2years) Installation work (23/4 years) Restoration/clean-up of project site (After 3 years) Other work (After 3 years) Article 3 Sub article 3.5 6. What is the amount of liquidated damages for each day that each milestone is late? 0.5 % of the total contract for each day Article 6 Sub-article 6.7 7. Does the government have the right to occupy a completed part of the work? No 8. How long does the contractor have to perform the entire project? 1095 days from day of signing of contract Article 3 Sub-article 3.1 9. How many bid items are there? Six Article 1: Subject of the Contract 10. How often can the contractor expect to receive progress payments? -20 (twenty) % of contracted value within 1 (one) day of signing contract - 30 (thirty) % of contracted value upon 50 (fifty)% of contracted works - 40 (forty) % of contracted value after handing over of object. -10 (ten) % of contracted value three months after handing over of object Article 4: Payment Schedule Sub-article 2 11. Reproduce the clause pertaining to suspension of work? This Contract may be suspended by MERCY CORPS based on poor, or non-performance or unnecessary delays, by the Contractor. Article 11 Sub-Article 2 12. Reproduce the clause dealing with variations in work quantities. ...
From the date the works start to the date they are finally accepted by MERCY CORPS, the Contractor shall be personally liable for personal

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injuries, cases of death, or any loss or damage to property and surrounding facilities. The contractor shall indemnify and hold harmless MERCY CORPS, and all MERCY CORPS employees. The Contractor is held responsible for safety of all activities at the construction site. Article 12 Sub-Article 1 14. Reproduce the clause pertaining to changes in the work? Unforeseen works may not be carried out without prior written approval from the MERCY CORPS. Unforeseen works are works that were not included in the contract that are either necessary for the continuation of the works and/or essential to insure the proper results/function of the works on the contracted location. Article 7 15. Reproduce the clause pertaining to default terminations and excusable delay? If the Contractor does not honor the contracted deadline for completion of all works, penalties will be implemented by reducing the final payment 0.5% of the total value, for each day over completion date, beginning on the first day of default as determined by MERCY CORPS Program Manager. Article 11 Sub Article 1 16. . Reproduce clause for termination of the contract for the convenience of the owner? This Contract may be terminated at any time by a mutual agreement from both parties, effective immediately upon receipt of written notification. This Contract may be terminated by MERCY CORPS based on poor, or non-performance, by the Contractor Article 11 Sub-Article 1,2 and 3 17. Reproduce clause concerning contract disputes? MERCY CORPS and the Contractor hereby agree to seek informal resolutions to any possible disagreements before pursuing legal remedies. In the event of such

Summary

S/No. Question Answer Article from text to support Answer 1. What is the date and time of bid opening On the 12th Day of December 2012 On the Title :Date: 12/8/2012 2. What is the penal sum of the required performance bond? 100% of the total contract Article 6 Sub-article 4 3…
Author : estrella63
Contract essay example
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