Project Contract

Project Contract

An agreement between two or more parties to accomplish a certain goal in a certain way. For example, a project contract may take the form of an agreement between a builder and a property owner in which the builder agrees to build a house on the property by a certain time in a certain way, and, in exchange, the property owner makes certain remuneration. Project contracts are important to have in the event of a dispute.
References in periodicals archive ?
2 to the Terms of Reference (Part I) and in Annex 2 to the Project contract annexed hereto 3 (Part II).
BASRA/ Aswat al-Iraq: Greater Basra Water Project contract was signed with three-company consortium with the cost of $750 million.
Transformation Project Contract According to the result of public
Abdullah Bin Abdul Rahman Al Hossein has signed a water project contract for Al Qassiem Region, costing SR 145,950,901.
ZUG, Switzerland, September 12 /PRNewswire/ -- Swiss Hawk AG announced that its portfolio company CleanAir Technologies AB ("CleanAir") has secured a project contract for the design, supply, erection, commission and preparing of documentation for a flue gas condenser plant for the Vattenfall Group , which is recognised as one of Europe's top 4 energy companies.
With the help of METI's project contract, Chiyoda went on to sign a deal with RasGas in Qatar worth USD4 billion.
Following a review of the project contract and verification of job status, MWE develops a plan of administration to reduce the probability of errors, cost overruns and scheduling problems.
Subsequently, the report said, RFI presented CET with termination notices for Porta Bella and another project contract in Northern California.
TERC is a start-to-finish, life of the project contract -- from site investigation and identification of hazardous materials to final site remediation and other actions incident to site restoration.
The Los Pinos project contract is valued at $902,000 USD and the San Lorenzo project contract is valued at $1,078,000 USD.
It is generally assumed in the business model of BluePoint that project contract revenue shall convert to revenue recognition by the Company generally within six to nine months after a project contract is signed.

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