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Saudl geetricity Company
Completion will be paid in full until the amount of 80% of the CONTRACT Price is
paid. Said payments by COMPANY shall not be construed as acceptance of any pare
of the WORK.
4.10
4.10.4 If the final invoice is for the last PROJECT PORTION [either the Gas Turbine
Portion or Steam Turbine Portion] completed and for the WORK as described
in Paragraphs 4.2.4 and 4.2.5 of this Schedule C", a proof satisfactory to
COMPANY that all COMPANY Identification Cards furnished to CONTRACTOR
under this CONTRACT have been returned to COMPANY's Industrial Security
Department, and
4.10.5 If the final Invoice Is for the last PROJECT PORTION [either the Gas Turbine
Portion or Steam Turbine Portion] completed and for the WORK as described
in Paragraphs 4.2.4 and 4.2.5 of this Schedule "C", releases to COMPANY
from CONTRACTOR by execution of the Final Receipt and Release
Agreement (Form #15076) and from each SUBCONTRACTOR or assignee
under this CONTRACT, discharging COMPANY from all liabilities, obligations
and claims arising out of or under this CONTRACT, except for final payment.
After COMPANY's receipt of the foregoing documents and after all adjustments tc
CONTRACT Price and all unsettled matters under this CONTRACT have been
disposed, and after verification of CONTRACTOR's final invoice, COMPANY shall pay
CONTRACTOR all outstanding sums properly payable. For purposes of thiS
paragraph, "adjustments" shall mean adjustments as provided for under the terms
of the CONTRACT"; and "Unsettied matters" shall exclude disputes under the
warranty provisions.
4.11
C-8
Qurayyah Combined Cycle Power Plant, Extension 1 [Block 6J