Damoh Batiagarh - Madhya Pradesh Road Development ...
Damoh Batiagarh - Madhya Pradesh Road Development ...
Damoh Batiagarh - Madhya Pradesh Road Development ...
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Request for Proposal (RFP) for Independent Engineer for <strong>Damoh</strong> <strong>Batiagarh</strong> <strong>Road</strong>g) All payments under this contract shall be made to the followingaccounts of the Consultants:Current A/c No.Bank Address:7. FAIRNESS AND GOOD FAITH7.1 Good FaithThe Parties undertake to act in good faith in respect to each other‟s rightsunder this Contract and to adopt all reasonable measures to ensure therealization of the objectives of this Contract.7.2 Operation of the ContractThe Parties recognize that it is impractical in this Contract to provide forevery contingency which may arise during the life of the Contract and theParties hereby agree that it is their intention that this contract shall operatefairly as between them and without detriment to the interest of either of themand that if during the term of this Contract either Party believes that thisContract is operating unfairly, the Parties will use their best efforts to agreeon such action as may be necessary to remove the cause or causes of suchunfairness but on failure to agree on any action pursuant to this Clause shallhave the right of dispute subject to arbitration in accordance with Clause 8thereof.8.0 SETTLEMENT OF DISPUTES8.1 Amicable SettlementThe Parties shall use their best efforts to settle amicably all disputes arisingout of or in connection with this Contract or the interpretation thereof.8.2 Right to Arbitration and Rules of ProcedureAny dispute between the parties as to matters arising pursuant to thisContract which cannot be settled amicably within sixty (60) days afterreceipt by one Party of the other Party‟s request for such amicable settlementshall be referred to the adjudication of a Committee of three arbitrators. TheCommittee shall be composed of one Dispute Review Expert to benominated by the Client, one to be nominated by the Consultants and thethird, who will also act as the chairman of the committee but not as anumpire, who will be chosen jointly by the two arbitrators.Save as otherwise provided in the Contract, the arbitration shall be conductedin accordance with the provisions of the Arbitration and Conciliation Act1996 and any statutory modification or enactment thereof and shall be held atBhopal and at such time as the committee of arbitrators may determine. The__________________________________________________________________________MPRDC-Bhopal March, 2011 73