Steering Group's Requirement
2
II. Contractual Arrangements
(a)
The consortium's members must have joint and several liability for one another's performance as well as for overall performance under the contracto
(b) The consortium must be prepared to post a bond of
10% of the final contract price to protect the client against the consortium's inability to complete the contract.
(a)
(c) The consortium must be prepared to agree to
liquidated damages in respect of timing and of the specific performance of E & M plant (e.g. performance to specified efficiency criteria) The consortium must give a guarantee of the compatibility of all the component parts of the system (i.e. that they will work together as a satisfactory whole in fulfilment of the performance specification), and may be required to post a bond in fulfilment of this guarantee.
(e)
The consortium must undertake to repair, replace or modify at their cost, for a period of 12 months from the date on which the client takes over the relevant part of the system, any defects in the system arising from defects in workmanship, materials used, manufacture, etc.
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Japanese
Present Indications (as at 20th July 1973)
Italian
A/F/G
British
Presumably
Yes
Presumably
Yes
yes
yes
Negotiable
Yes
Negotiable
Negotiable
Yes
Yes
Yes
Yes
Not known
Not known
Not known
Not known
Negotiable
Yes
Negotiable
Negotiable
Negotiable
(f)
The contract price, once agreed, must be subject to a ceiling.
Yes
No
No
No
¿
(g)
The consortium should be prepared to vary inter- national contract conditions where they are considered by the client to be unduly onerous.
Negotiable
Negotiable
Negotiable
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