Construction time: After both parties have signed the contract and start the party command A.
Time ARTICLE 4: PAYMENT 4.1 Payments in Vietnam dong in the form of transfer, split into two installments as follows : Session 1: After the two sides signed the contract, Party A to Party B to advance 30% of the contract value Session 2: Pay 50% of the contract value after party B complete construction of water supply systems Fire Extinguishing. Phase 3: Payment of 20% after the acceptance test procedures B with police in Ba Ria Vung Tau fire protection and fire protection police certificate FPF eligible to Party A. And B side finished all procedures for party A as follows: - 01 original written request payments authorized representative parties sign. - Minutes of acceptance testing fire protection systems (fire protection from police, Ba Ria - Vung Tau) for Co. Apparel Baria under law. - acceptance record, confirmed workload has accomplished represent two sides signed confirmation. - The minutes of contract liquidation. - 01 originals in the form of VAT invoices issued by the Ministry of Finance has a value of 100% of the work has been completed. After the completion of the procedure B above, Party A to pay off the remaining amount Party B within 5 working days. ARTICLE 5: BREACH OF CONTRACT 5.1 Contract Breach Party A , Party A In case of non-payment in accordance with the provisions of the Contract will be subject to additional payment in accordance with the amount of interest current interest rate of the State Bank of Vietnam to Party B in time for late payment shall not exceed 15 days from the date Party A to Party B must pay prescribed. 5.2 Contract Breach side B. Party B violates incorrect as scheduled in the contract for the A effect is not caused by a force majeure event or any fault caused by Party A, Party B will be fined 1% / 1 day / value The remaining part of the contract. ARTICLE 6: LIABILITY OF PARTIES 6.1 Responsibilities of Party A Provide premises and warehouses for the B gathers supplies and create favorable conditions for party B during construction to not affect the progress of work. Bachelor supervisors materials, equipment acceptance and guidance for the construction Technician B rules and regulations of the parties A. organize the acceptance of each stage piece of items and total acceptance of work Pay Party B on time and method specified in the contract. 6.2 Responsibilities of Party B Complete Installation of supplies and equipment system water supply fire properly estimate the volume table were mutually approved attachments. Warranty as standard equipment by the manufacturer; Ensure proper construction schedule as Article 3, shall responsible for occupational safety for people and equipment during the construction process. After providing complete installation works, the B must behalf of investors PCCC acceptance with the competent authorities and communicate for investor test records, approved eligible PCCC (FPF police by Ba Ria - Vung Tau) for Garment Co. Ltd Baria. Provide invoice (VAT) under contract. ARTICLE 7 : GENERAL PROVISIONS 8.1 Both sides strictly abide by the terms stated in this Agreement, in the course of executing the contract if any difficulties arising would be mutually resolved in the spirit of negotiation. In case the two parties can not resolve the development will take the Court's economy Vung Tau City as final for both parties. The losing party will bear the cost. 8.2 The contract is made in Vung Tau and is made in 04 days and have the same legal value, each party keeps 02 copies to the implementation. The contract takes effect from the date of signing ./.
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