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2c) Section 1-Variable List
2c) Section 1-Variable List
KTPH-ITQ-23-085-JK
REPLACEMENT OF THE FAN COIL UNIT
SECTION 1
VARIABLE LIST
Liquidated Damages are payable under this Contract. In the event the Supplier fails to meet
the timelines and/or stipulated dates prescribed in the Requirement Specifications the
Company shall have the right, in relation to the delay or non-compliance to require the
Supplier to pay and if so required by the Company, the Supplier shall pay to the Company
liquidated damages equivalent to one percent (1%) of total contract value for each day of
delay (including Sundays and Public Holidays) or part thereof, subject to a maximum of
ten percent (10%) of the total contract value without prejudice to the Supplier’s obligation
or to any other liability under the Agreement and without prejudice to any other right or
remedy that the company might have.
Not Applicable
The Warranty Period for the Goods shall be 1 year, commencing from
the date of acceptance of the Goods by the Company.
the date of successful commissioning.
Security Deposit is required by the Company. The security deposit shall be a sum
equivalent to ______ percent of the
Contract Price.
total price payable each month to the Contractor under this Contract.
total price payable each year to the Contractor under this Contract.
The Security Deposit is to be provided to the Company within ______ days from the date
of
signing of this Contract.
issuance of the Company’s purchase order to the Supplier.
The company may terminate the Agreement or statement of work, without cause, by giving the
successful vendor(s), i.e. Supplier(s), a 30 days’ notice in writing.
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Name / Signature / Company Stamp / Date