Supply and Installation Contract
This Agreement is made and entered into this _____ corresponding to / /
2015
By and Between:
First: _________________, a Qatari company - Commercial Registration Number: - whose address is: P.O Box - Phone: , in
Hereinafter referred to as (The First Party)
Second: _____Company - a Qatari company -
Commercial Registration Number: ____- whose address is: P.O Box: __ Doha, Qatar
- Phone: ___ - Fax: ____ - herein represented in
Hereinafter referred to as (The Second Party)
Both parties mutually acknowledge their sufficient legal capacity to
execute this Agreement, and agree to the following:
Preamble
WHEREAS, The First Party is the owner of the
project _____
WHEREAS, The Second Party is a company
specialized in the work of _______ and have expressed their desire, efficiency
and capability to implement the required after conducting the necessary
inspection of the site and reviewing the graphics, the conditions and the technical
specifications of the project.
The two parties mutually agreed
to conclude this contract in accordance with the technical standards and
specifications.
Clause (1)
The invoice and the price offer which submitted by the Second Party to
the First Party on / /2015, and in accordance with the prescribed technical specifications
shall be deemed an integral part hereof and complementary hereto without
prejudice to its provisions.
Clause (2)
By virtue of this contract with all real and legal guarantees, the Second
Party agreed to supply, install and operate (materials and installations) for the
coolers located at _________which owned by the first party, in accordance
with the prescribed specifications, data and quantities, and the value of the
invoice and the offer of the second party dated / / 2015 attached hereto. The
second party shall commit to the transfer of equipment, engines, and generators
subject of this contract to the site and shall acknowledge that he had reviewed
the drawings and specifications of the project and inspected the site and
agreed to do the work required in accordance with the documents of this
contract and by the techniques that guarantee the quality, safety and good
performance of the project and its component in accordance with the specified
technical specifications.
Clause (3)
The price agreed upon for the supply, installation and operation of the
equipment subject of this contract have been determined at _____ Qatari Riyal (only
_________ Qatari Riyal) and the second party shall comply to price stability,
which submitted by him in the price offer referred to throughout the period of
implementation of this contract.
Clause (4)
Initial hand-over
The Initial hand-over hand-over hand-over
Clause (5)
The above-mentioned payment shall be paid by the first party to the
second party as follows:
1-
% percentage of the total value as set out above upon contracting
2-
% percentage of the total value as set out above after the
completion of the supply and installation
3-
% percentage of the total value as set out
above after the operation and testing of equipment and materials subject of
this contract and compliance with the technical specifications agreed upon.
The above-mentioned price includes the value of the equipment, the supervision
of the installation, testing and shipping costs (deliver by Engineer/ )
Payment shall be made at the company's bank account
COMMERCIAL BANK
IBAN:
ACCOUNT NAME:
Clause (6)
The second party is obligated to hand-over all the work and materials
(motors, generators and equipment) subject of this contract in a maximum period
of one month from the date of receipt of advance payment, which starts from / /
2015 and ends on / / 2015, If his final delivery delayed from the specified
time, the second party shall pay to the first party the sum of ( ) for each day of delay as a Consensual Compensation and the first party shall have the right to claim appropriate
compensation, if the delay exceeded (
) days or the second party failed to finish the works in a right and
satisfactory manner or stopped working without excuse; the First Party shall
have the right to consider this contract rescindable without need to notice or
warning or a court ruling. And the first party shall be entitled to assign
another contractor to complete the remaining work at the expense of the second
party. The second party is obliged to refund all the amounts received, including
the down payment and the compensation due to the delay as well as compensation
arising from the losses and damages caused by the termination as a result of
the failure of the second party to perform his obligations under this contract,
with deducting the value of any goods or materials or equipment that have been
delivered to the first party in accordance with the technical specifications
agreed upon.
Clause (7)
The second party agreed to offer possible inquiries, assistance and
facilities to the company or during the installation of the generators,
transformers and equipment subject of this contract at __________which owned
by the first party.
Clause (8)
All disputes arising in connection with the execution of this contract
which may not be settled amicably by the parties shall be finally settled by
Qatari Courts.
Clause (9)
IN WITNESS WHEREOF, this Contract is executed in two copies,
one per each party to act upon.
First party Second party
Translation by Heba Musa
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