Transaction Terms for a 600kW Foldable Container for an Environmental Protection Project

3 FAQs about [Transaction Terms for a 600kW Foldable Container for an Environmental Protection Project]

What types of documents do EPC Contractors use?

Additionally, EPC contractors and the procurement departments of end-users employ other types of documents, including the “RFT” (Request for Tender) and ROI (Registration of Interest), as illustrated in the provided diagram.

What is the EPC tender package?

Key documents: As the designated EPC Contractors receive the “Tender Package”, each of them analyzes the requirements, formulates their technical and commercial bids, and submits them to the end-user (or their consultants) within the predefined bidding due date.

What is the retention rate for non major equipment & services?

All amounts paid by Owner to Contractor pursuant to the Payment Milestone schedule for Non-Major Equipment and Services prior to Commercial Operation shall be subject to retainage of ten percent (10%) until the aggregate retainage reaches [Cap amount] , whereupon the State shall not withhold any further retainage.

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