Project contracts

Project contracts

In the context of project financing, the suite of agreements underlying the project.

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 ?
It is stated that ProCon will allow owner operators of large capital projects to build a commercial firewall against value leakage from mismanagement of unforeseen change orders, missed contractual obligations and poor interface management of the portfolio of capital project contracts.
CleanAir expects to conclude further comparable project contracts in the near term.
In the 2004 fiscal year, METI awarded two project contracts worth USD 1 billion.
According to the paper, Air Products is the only one of five companies awarded DOE hydrogen demonstration project contracts last year that is still negotiating the terms of its contract.
Editorial includes coverage of the European Commission's telecommunications plans, legislation designed to open up Europe's public procurement markets, the EU product liability directive, legal issues affecting e-commerce pricing in Europe, third-party rights to enforce project contracts in the U.
The number of patients being tested has jumped from 12 to 376, with staffing levels having increased from two to 12 and physicians on project contracts from one to 31.
Perry Trucking - submitted bids for the dozens of district pipeline and paving project contracts they were awarded over an 18-month period, nor were any of the companies licensed by the state or insured.
In addition, Struxicon provides a way to realize new revenues, providing members access to hundreds of new business opportunities in both bidding modules - for project contracts and for building materials and equipment.
17 /PRNewswire/ -- The Ohio Department of Transportation (ODOT) today announced that record improvements in the productivity of the department will change the scheduled award dates of some state-funded construction project contracts to occur later in this calendar year.
In the first weeks of 2007, Foster Wheeler (FW) (NASDAQ:FWLT) has announced four engineering and service project contracts demonstrating the company's worldwide reach.
Shaikh Abdullah bin Nasser al Bakri, Minister of Manpower, signed yesterday national project contracts for training citizens in professional and trade disciplines to meet the needs of the labour market in cooperation with training institutes approved by the ministry.
While Cameron's concerns are technically correct, all of the pipeline capacity is spoken for on paper only, said Don Long, chief of State Water Project contracts.

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