CONTRACT AGREEMENT
This Agreement was made and effective on the 10th September 2015
Between: MR.WILLIAM RICHARD (Engr.) a registered international Marine Engineer with accreditation number A97171 under the Law of Commonwealth of United States of America.
And: PT. PERTAMINA (Persero) Oil and Gas Company Phnom Penh CAMBODIA.
WHEREAS, company finds that the Engineer is qualified to perform the work, all relevant factors considered and that such performance will be in furtherance of company's business.
NOW THEREFORE, in consideration of the mutual covenants set forth herein and intending to be legally bound, the parties hereto agree as follows:
1. MATERIALS AND LABOR PROVIDED
The Engineer has agreed to provide all the material and labor required to perform the following work for: Exploration of Kon Kong Mekong River which are identified by signatures of the both parties to this agreement and which form a part of this agreement.
The Engineer has agreed to provide and pay for all the materials, tools and equipment required for the persecution and timely completion of the work. Unless otherwise specified, all materials shall be new and of good quality.
In the persecution of the work, the Engineer shall employ a sufficient number of workers skilled in their trade to suitably perform the work.
Following manner: Five Hundred Thousand United States Dollars ($500,000.00) will be released to the Engineer at the first quarter of the work and the remaining balance of One Million United State Dollars ($1000, 000.00.00) will be completed on the 29th February, 2016.
2. COMPLETION OF THE WORK
The Engineer has agreed that the various portions of the above-described work shall be completed on or before the following date: 29th of February 2016. And the entire above described work shall be completed no later than 10th of March 2016.
3. MODIFICATION OF THE WORK
All changes and deviations in the work ordered by the resort must be in writing, the contractor sum being increased or decreased accordingly by the Engineer. The Engineer must present any claims for increases in cost of the work to the company in writing and the Engineer before proceeding with the ordered change or revision shall obtain written approval of the owner.
4. ACCESS
The company’s representatives and public authorities shall at all times have access to the work.
5. CONFORMITY WITH DRAWING SPECIFICATIONS
The Engineer agrees to re-execute any work which does not conform to the drawing and specifications, warrants the work performed, and agreed to remedy any defects resulting from faulty materials or workmanship which shall become evident during a period of one year after completion of the work.
6. INSURANCE COVERAGE
The company agreed to maintain full insurance on the above-described work during the progress of the work, in his own name and that of the Engineer. The Engineer has agreed to obtain insurance to protest himself against claim for property damage, bodily injury or death due to his performance of this agreement.
7. INDEMNIFICATION
In the event the work is delayed due to neglect of the Engineer, the Engineer has agreed to pay the company the sun of Five Thousand United States Dollars
($5000.00) per week as liquidated damages until such time as the work is completed.
8. NO ASSIGNMENT
Neither the Ministry nor Engineer shall have the right to assign any rights or interest occurring under this agreement without the written consent of the other, nor shall the doctor assign any sum due, or to become due to him under the provision of this agreement.
9. GOVERNING LAW
This agreement shall be interpreted under the laws of contract in Cambodian and United State constitution.
10. ATTORNEY FEES
The defendant shall pay attorney fees and court cost in the event the judgment must be and is, obtained to enforce this agreement or any breach thereof.
IN WITNESS WHEREOF, the parties hereto have executed agreement as of the day and year first above written.
MR.WILLIAM RICHARD
MS.MOHD NAZRI YUSUF (CONTRACTOR)
(PROJECT MANAGER)
CONTRACT AGREEMENT
This Agreement was made and effective on the 10th September 2015
Between: MR.WILLIAM RICHARD (Engr.) a registered international Marine Engineer with accreditation number A97171 under the Law of Commonwealth of United States of America.
And: PT. PERTAMINA (Persero) Oil and Gas Company Phnom Penh CAMBODIA.
WHEREAS, company finds that the Engineer is qualified to perform the work, all relevant factors considered and that such performance will be in furtherance of company's business.
NOW THEREFORE, in consideration of the mutual covenants set forth h