6.1
6.2
6.3
The Supplier will deliver the Equipment according to the Delivery Times in the following Delivery
Schedule below:
Preliminary Design: 8 weeks from Commencement Date
Detailed Design: 12 weeks from Commencement Date
Embedded Parts: 48 weeks from Commencement Date
Turbine: 48 weeks from Commencement Date
Generator: 48 weeks from Commencement Date
The Supplier, with the written approval of Purchaser, may deliver Equipment before the dates set
forth in the Delivery Schedule, The above times are valid if the Commencement Date is within
ten (10} days of the Effective Date or, otherwise, the times shall be extended by the same
amount of time as the difference between the Commencement Date and the Effective Date.
The Parties will agree to a detailed Work Schedule, within three weeks of the Commencement
Date. The agreed upon Work Schedule shall be signed by the Parties and shall supersede any
other schedule and shall be amended only by a Change Order.
Time is of the essence for Supplier's and Purchaser's obligations under this Contract.
Contract Price
7.1
7.2
73
7.4
7.5
The total Contract Price is $1,271,700 (one million two hundred seventy-one thousand seven
hundred US dollars}.
The Contract Price is subject to adjustments, additions, deductions and deletions as provided in the
Contract Documents.
The Contract Price is valid under the condition that Commencement Date is within thirty (30) days of
the Effective Date otherwise the Supplier shall be entitled to an adjustment of Contract Price based
on escalations of material, subcontracted items and labor cost.
The Contract Price is for delivery terms of INCOTERMS 2010 DDP.
Technical Services provided by Supplier for the installation and commissioning of the Equipment at
the Project Site is included in the Contract Price. If the number of per person days required exceeds
fifty-five (55) days, due to reasons not attributable to the Supplier, the Purchaser will be charged at
the rate of $1,300 per man day once an approved Change Order is issued. Related expenses, including
travel, accommodations, work will be charged at cost plus fifteen percent (15%). Technical Services
will be invoiced every two weeks according to Section 8. Conditions of the Technical Services are
described in Part 3 of this Contract.
Payment, Retainage and Guarantees
8.1
Progress Payments and Retainage
8.1.1 Subject to the provisions of the Contract Documents, the Purchaser will, in US Dollars, make
progress payments to the Supplier in accordance with the following milestones within thirty
(30) days of receipt of the Supplier’s invoice. Such invoice will include documentation as
specified in the Contract and in amounts consistent with the following Payment Milestone
Schedule.
