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Section 3 Contract Data

This document outlines key details of a contract for a municipal infrastructure improvement project in Kathmandu, Nepal. It specifies: 1) The parties to the contract including the employer, engineer, and contractor (once named). 2) Timelines for the project including a start date, intended completion date of 7 months, and a defects notice period of 180 days. 3) Requirements for the contractor including submitting a work program within 14 days and retaining a performance security of 5% of the contract price. 4) Financial terms such as advance payment of 15% of contract price within 14 days, liquidated damages of NRs. 15,000 per day, and withholding 10% of payments for

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106 views2 pages

Section 3 Contract Data

This document outlines key details of a contract for a municipal infrastructure improvement project in Kathmandu, Nepal. It specifies: 1) The parties to the contract including the employer, engineer, and contractor (once named). 2) Timelines for the project including a start date, intended completion date of 7 months, and a defects notice period of 180 days. 3) Requirements for the contractor including submitting a work program within 14 days and retaining a performance security of 5% of the contract price. 4) Financial terms such as advance payment of 15% of contract price within 14 days, liquidated damages of NRs. 15,000 per day, and withholding 10% of payments for

Uploaded by

2003_335
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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SECTION 3

CONTRACT DATA
The following documents are also part of the Contract : Clause Reference
The Bid and Letter of Acceptance [1]
The Condition of Contract [1]
The Technical Specifications
The Drawings
The rogram [!!]
The riced Bill of "uantities [#!]
The Schedule of $perating and %aintenance %anuals [&1]
The Schedule of $ther Contractors [']
The Schedule of (e) ersonnel [*]
The Schedule of Ta+es [#*]
The ,mplo)er is
-ame : %unicipal .nfrastructure .mpro/ement ro0ect
Address: (ha !1###2 Tahachal2 (athmandu
The ,ngineer is [3] [&]
-ame : ,astConsult 45 Ltd6
Address: 6$6 Bo+ 11*!2 La7impat2 (athmandu
The Contractor is [1] [3]
-ame :
Address:
The Start Date is 8888888888888888888888888888 [1&]
The .ntended Completion Date for the whole [1&] [!#]
of the 9or:s is 7 (Seven) months
The Contractor is to su;mit the program for the 9or:s [!!]
within 14 da)s of ;eing notified of the acceptance of his ;id6
The Ta+ shall mean the Contract Ta+ [#*]
The Site ossession Date is 8888888888888888888888888888888 [1*]
The Site is located at(athmandu Cit) and
is defined in the drawings
[1]
#11
The Defects -otice eriod is 180 da)s [#<]
The period ;etween program update is #< da)s [!!]
The amount to ;e withheld for late su;mission of an updated program is &
percent of the running ;ill [!!]
The law which applies to the Contract is the law of -epal [#]
lace where ar;itration will ta:e place : (athmandu2 -epal [!1]
The proportion of pa)ments retained is &= of each monthl) pa)ment
including final certificates6 [3!]
The li>uidated damages for the whole of the 9or:s are -Rs6 !<2<<< per
da) [3#]
The ad/ance pa)ment will ;e 1<= of contract price and will ;e paid to the
contractor not later than #< da)s after the signing of Contract Agreement [33]
The ad/ance pa)ment shall ;e repaid with percentage deductions from the
interim pa)ments at !<= of the ;illed amount starting from the first
interim pa)ment alwa)s pro/ided2 that the loan shall ;e completel) repaid
prior to the e+piring of original time of completion6
The performance securit) shall ;e for the minimum amount e>ui/alent to
fi/e percent of the contract price6
The date ;) which ?as ;uilt? drawing manuals are re>uired is @< da)s after
the completion of the wor:s6
[&1]
The amount to ;e withheld for failing to produce ?as ;uilt? drawing ;) the
date re>uired is -epali Rupees Aour hundred thousands 4Rs6 3<<2<<<6<<5
[&1]
#1!

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