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CONTRACT
For
Internet
For
THIS AGREEMENT Contract is made and executed on the day of March 1st, 2018;
In BETWEEN:
[SHANDONG TIEJUN ELECTRIC POWER ENGINEERING COMPANY
LIMITED], a company registered and existing under the laws of the People’s
Republic of China, and whose registered office is Room 804, Building A,
Yijehongtai Towers, No. 882-1 Tong’an Road, Laoshan District, Qingdao,
Shandong 266 100, Peoples Republic of China.and branch office organized
and existing under the laws of Bangladesh, and having its registered office at
Apartment: B-2, House: 13, Road: 01, North Khulshi, Chittagong.
[HOMELINK]: a company which provide Internet service, locates at Ali Akbar
Chairman Building (1st floor),front of jaldi post office, Banshkhali, Chittagong
WHEREAS:
The Contractor desires to construction of Internet for 2 x 612 MW (net) Power
Generating Facility AT Gondamara , Banshkhali , Chittagong (hereinafter
called "the Project”).
Whereas, Subcontractor is willing render such services in accordance with the
term and conditions herein specified;
Network Active
Tower Installa
Device(Tower & Network
SL Quanti tion Total
Civil & Solar Device(Ra
. ty Charge
Power Device) dio)
01
1
including but not be limited to all Taxes, withholding Taxes, VAT, VDS, levies,
duties, fees. HOMELINK shall bear all the taxes& duties according to the
Bangladesh laws. All withholding taxes, VAT (like TDS, VDS etc.) deductible as
per statutory laws shall be deducted from Tax Invoice raised by HOMELINK.
SHANDONG TIEJUN ELECTRIC POWER ENGINEERING COMPANY
LIMITED shall deduct withholding taxes & VAT at applicable prevailing rates.
In-words: Two Lac twenty two thousand and nine hundredTaka Only
5. Duration of Agreement:
The term of this Agreement shall commence on Effective Date and continue for
1 (one) year unless otherwise terminated or extended in accordance with the
terms of this Agreement. Parties shall be entitled to renew the term by
providing 30 days’ notice before the date of expiry on mutually agreed terms
and conditions. In case of delay for renewal of the Agreement of the Service
will be continued by existing condition. That to terminate this lease, 1(one)
months prior notice in writing from either side will be necessary.
7.1.1 Appointment of the Dispute Adjudication Board. The Parties shall jointly
appoint a DAB by the date 28 days after a Party gives notice to the other Party
of its intention to refer a dispute to a dispute to a DAB.
7.1.2 If the DAB is to comprise three persons, each Party shall nominate one
member for the approval of the other Party. The Parties shall consult both
these members and shall agree upon the third member, who shall be
appointed to act as chairman.
6.1.3 The terms of the remuneration of either the sole member or each of the
three members shall be mutually agreed upon by the Parties when agreeing
the terms of appointment Each Party shall be responsible for paying one-half
of this remuneration.
Then the appointing entity or official named in the Particular Conditions shall,
upon the request of either or both of the Parties and after due consultation with
both Parties appoint this member of the DAB. This appointment shall be final
and conclusive. Each Party shall be responsible for paying one-half of the
remuneration of the appointing entity or official.
7. LANGUAGE
All documents, instructions, pamphlets, design data, operation and
maintenance manuals, communications shall be in English language.
8. NOTICE OF DEFAULT
Notice of Default given by either party to the other part under the Agreement
shall be in writing and shall be deemed to have been duly and properly served
Upon the parties hereto if delivered against acknowledgement due by
fax/telex/letter or by Registered mail with acknowledgement duly addressed to
the signatories at the addresses mentioned herein under.
10、General
HOMELINK shall not, without the written express permission from the TIEJUN,
disclose or divulge to any third party or to the press about anything related to
this Contract.
IN WITNESS WHERE OF
The Parties here to have duly executed this Agreement as of the day and year
first before written.
Duly Authorized representative for
and on behalf of HomeLink
Witness:
Witness:
1)
1)