Contract Price

USD 1,171,361,766.00
EURO 13,819,780.00
MAD 4,843,799,655.00
Advance Payment (10% of the Contract Price) Starting Date
USD 117,136,176.60 on or before NTP
EURO 1,381,978.00
MAD 484,379,965.50
Retention 5% Starting Date
Developpement Bond (USD) Starting Date
35,000,000.00 On or before LNTP Until The performance bond is issued
or the date the Agreement is terminated
Performance Bond (25% of the Contract price) Starting Date
USD 292,840,441.50 On NTP
EURO 3,454,945.00
MAD 1,210,949,913.75
Advance Payment Bond (25% of the Contract price) Starting Date
USD 117,136,176.60 On NTP
EURO 1,381,978.00
MAD 484,379,965.50
Warranty Bond Starting Date
Punch List Bond Starting Date Finish Date
Finish Date
Finish Date
As a condition to the release or decrease (as the case may be) of the
Retention Money Bond or the Retention ( as the case may be) by Owner,
Contractor shall deliver to Owner or increase the value of (as the case may
be) the Warranty Bond in an amount of five percent (5%)
Finish Date
until the later of (i) thirty (30) Days after the last Substantial Completion
Date; and (ii) the payment of any and all sums due to Owner under any
provision of this Agreement
Finish Date
until Contractor has completed a Milestone (or a number of Milestones)
giving right to Contractor to payment hereunder amounting to the value of
the Advance Payment.
The face value of the Advance Payment Bond will be amortised monthly
based on the value of the Milestones completed.
Finish Date/Remark
Owner shall have the right to retain on each payment (excluding the
Advance Payment) to Contractor an amount equal to five per cent (5%) of all
amounts due to Contractor under this Agreement as security for compliance
by Contractor with its obligations and liabilities under this Agreement
Finish Date
To be Paid by
SAFIEC
Given by
Given by
Until The performance bond is issued DEC
or the date the Agreement is terminated
Given by
DEC
Given by
DEC
Given by
Given by Finish Date
Finish Date
Finish Date
As a condition to the release or decrease (as the case may be) of the
Retention Money Bond or the Retention ( as the case may be) by Owner,
Contractor shall deliver to Owner or increase the value of (as the case may
be) the Warranty Bond in an amount of five percent (5%)
Finish Date
until the later of (i) thirty (30) Days after the last Substantial Completion
Date; and (ii) the payment of any and all sums due to Owner under any
provision of this Agreement
Finish Date
until Contractor has completed a Milestone (or a number of Milestones)
giving right to Contractor to payment hereunder amounting to the value of
the Advance Payment.
The face value of the Advance Payment Bond will be amortised monthly
based on the value of the Milestones completed.
Finish Date/Remark
Owner shall have the right to retain on each payment (excluding the
Advance Payment) to Contractor an amount equal to five per cent (5%) of all
amounts due to Contractor under this Agreement as security for compliance
by Contractor with its obligations and liabilities under this Agreement
Finish Date