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Document Preview Change Order |
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Title: |
Change Order |
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Entities: |
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Date: |
2006 |
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Preview shows 9KB of 25KB total |
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Price: |
$34 |
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ID: |
#2282138 |
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CHANGE ORDER
| PROJECT NAME: Sabine Pass LNG Receiving, Storage and Regasification Terminal | CHANGE ORDER NUMBER: SP/BE-0030 | |||
| OWNER: Sabine Pass LNG, L.P. | DATE OF CHANGE ORDER: May 16,2006 | |||
| CONTRACTOR: Bechtel Corporation |
SCHEDULE IMPACTS RELATED TO HURRICANES KATRINA, RITA AND WILMA | |||
| DATE OF AGREEMENT: December 18, 2004 | ||||
The Agreement between the Parties listed above is changed as follows:
With reference to Article 5.3 .A. and Attachment E of the Agreement, Owner and Contractor agree that the Guaranteed Substantial Completion Date is changed to December 20,2008, and is a final resolution of all issues, Time Extension, and other claims as to the effects of Hurricanes Katrina, Rita and Wilma on the Guaranteed Substantial Completion Date. Owner and Contractor agree to mutually cooperate to execute additional change order(s) concerning additional activities and expenditures required to accelerate the Work to meet the Target Bonus Date.
The Parties acknowledge that the Time Extension of the Guaranteed Substantial Completion Date as granted herein is a commercial concession by the Owner, and was not derived by application of Article 6.8A.1 of the Agreement. The Parties further acknowledge this Change Order does not set a precedent nor amend the Agreement, and any future claims for a Force Majeure event Time Extension will utilize the methodology prescribed in Article 6.8A.1. Accordingly, the Parties further acknowledge that any subsequent Time Extension for a Force Majeure event, assessed in accordance with Article 6.8.A.I, will not necessarily result in a Time Extension of the Guaranteed Substantial Completion Date beyond this revised date of December 20,2008.
Adjustment to Contract Price:
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The original Contract Price was |
$ | 646,936,000 | |
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Net change by previously authorized Change Orders |
$ | 65,806,941 | |
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The Contract Price prior to this Change Order was |
8712,742,941 | ||
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The Contract Price will be increased by this Change Order in the amount of |
$ | 0.00 | |
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The new Contract Price including this Change Order will be |
$ | 712,742,941 |
Adjustment to dates in Project Schedule
The following dates are modified:
The Target Bonus Date will be unchanged.
The Target Bonus Date as of the date of this Change Order therefore is 1,095 Days following the NTP.
The Guaranteed Substantial Completion Date will be Dec 20, 2008.
The Guaranteed Substantial Completion Date as of the date of this Change Order therefore is therefore 1,355 Days following NTP.
Adjustment to other Changed Criteria: Not Applicable
Adjustment to Payment Schedule: No Change Adjustment to
Minimum Acceptance Criteria: No Change
C-1
Adjustment to Performance Guarantees: No Change
Adjustment to Design Basis: No Change
Other adjustments to liability or obligation of Contractor or Owner under the Agreement: No Change
This Change Order shall constitute a full and final settlement and accord and satisfaction of all effects of the change as described in this Change Order upon the Changed Criteria and shall be deemed to compensate Contractor fully for such change.
Upon execution of this Change Order by Owner and Contractor, the above-referenced change shall become a valid and binding part of the original Agreement without exception or qualification, unless noted in this Change Order. Except as modified by this and any previously issued Change Orders, all other terms and conditions of the Agreement shall remain in full force and effect. This Change Order is executed by each of the Parties duly authorized representatives.
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