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A power purchase agreement (PPA), or electricity power agreement, is a long-term contract between an electricity generator and a customer, usually a utility, government or company. [ 1 ] [ 2 ] PPAs may last anywhere between 5 and 20 years, during which time the power purchaser buys energy at a pre-negotiated price.
The architect and engineer make comments on the reproducible, then copies are distributed. This method facilitates the timely approval and distribution of the shop drawing. Review comments usually are obvious on the reproducible copy. When sepia copies are used, the reproduction of the sepia often is not as clear as a normal blue-line print. [4]
In EPCI contracts, the contractor rarely carries the project risk unconditionally. Rather, contractor and customer have detailed discussions on the division of the risk. Risk of delays and cost overruns due to lacking weather windows is an example of a typical risk that may be borne by the customer rather than the contractor. [citation needed]
the Yellow Book covers circumstances of design–build, where mechanical and electrical (M&E), building and engineering works are designed by the Contractor. [10] [11] the Silver Book covers projects which will follow the engineering, procurement and construction (EPC) and turnkey approach. [10] [12] the Green Book created a short form of ...
The NEC contracts now form a suite of contracts, with NEC being the brand name for the "family" of contracts. [16] When it was first launched in 1993, it was simply the "New Engineering Contract". This specific contract has been renamed the "Engineering and Construction Contract" which is the main contract used for any construction based project.
With a lump sum contract or fixed-price contract, the contractor assesses the value of work as per the documents available, primarily the specifications and the drawings. At pre-tender stage the contractor evaluates the cost to execute the project (based on the above documents such as drawings, specifications, schedules, tender instruction and ...
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