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CONTRACTFORPROJECTINSTALLATION(建设工程合同)
CONTRACTFORPROJECTINSTALLATION(建设工程合同)
this contract for project of installing main engine is made on_________, by and between _________ company ltd. (here- inafter called party a) and _________ company ltd. (hereinaftercalled party b).
1.name of installation work: _________.
2.location of installation work: party a’s_________in port a.
3.scope of installation work: as specified in the drawingsand statement attached.
4.time limit for completion:
the installation work shall cordinate with the construction of _________ in party a, and shall be completed, including thetrial run for _________, within _________days after the completion of _________.
5.total price of installation work:_________u.s. d only.
6.payment terms of installation work:
first installment:
party a shall pay to party b fifteen percent of the total pricefor installation work, i.e._________u.s.d only, when thiscontract comes into effect.
second installment:
party a shall pay to party b fifteen percent of the total pricefor instalatiorn work, i.e_________u. s. d. only, at the commencement of construction installation.
third installment:
party a shall pay to party b ten percent of the total pricefor installation work, i.e._________u. s. d. only, duringthe installation of pipes.
fourth installment:
party a shall pay to party b forty percent of the total pricefor installation work, i.e._________u. s. d. only, at thetime when the main equipment arrives at the site.
fifth installment:
party a shall pay to party b ten percent of the total pricefor installation work,i.e._________u. s. d. only, upon comple - tion of the installation work.
sixth installment:
party a shall pay to party b ten percent of the difference of the price for installation work, i.e._________u. s. d. only, after the work received has been proved qualified.
7.penalty for default:
in the event party b shall fail to complete the work in timeowing to reasons that party b shall be held liable, party
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