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Government's Requirement
2.
Japanese
Present Indications (as at 5th December 1973)
Anglo-Italian
II.
Contractual Arrangements
No
(a)
The consortium's members must have
joint and several liability for one another's performance as well as for overall performance under the contract.
Yes
H.K. Metro Construction
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
(b) The consortium must be prepared to post a Yes
bond of 10% of the final contract price
to protect the client against the consortium's inability to complete the contract.
(c) The consortium must be prepared to agree Yes
to liquidated damages in respect of
(a)
(e)
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 (ie. that they will work together as a satisfactory whole in fulfilment of the performance speci- fication), and may be required to post a bond in fulfilment of this guarantee.
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 workman- ship, materials used, manaufacture, etc.
(f) The contract price, once agreed, must be
subject to a ceiling.
Yes
Yes
Yes
0003160 G.F. 316
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Yes
Yes but see under III
Yes but see under III