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SUBCONTRACTAGREEMENTThisSubcontractAgreementwasmadeonthe1rdAugustof2009.BetweenCCECCNIGERIALIMITEDOfIkomCrossRiverState(hereinaftercalledtheContractor")“ofonepartAndNIGERIANLABOURFORCEEXCHANGELIMITEDOfNo109CrossRiverStatehereinaftercalledtheSub-contractor)oftheotherpart.WhereasTheContractorexecutesConstructionofUGEP—KATSINAALAINBENUE/CROSSRIVERSTATESCONTRACTNo.5991State,Nigeria(hereinaftercalledtheProject)andisdesiroustheprovisionofskilledtechniciansandworkersfortheProject(hereinaftercalledtheSub-contractWorks)tobeexecutedbyaprofessionalcompanyonsub-contractbasis;TheSub-contractoriswillingtocarryouttheSub—contractWorksandmakesanofferfortheexecutionandcompletionofsuchSub-contractWorksandtheremedyingofanydefectstherein。TheContractoracceptstheoffer,inclusiveofthemanpowerlist。Nowitisagreedasfollows:1.InthisSub—contractAgreementwordsandexpressionsshallhavethesamemeaningsasarerespectivelyassignedtothemintheConditionsofSub-contracthereinafterreferredto。2.ThefollowingdocumentshallbedeemedtoformandbereadandconstruedaspartofthisSub-contractAgreement,viz:LabourActoftheFederalRepublicofNigeria?LabourInsuranceRegulations(forCivilEngineeringandConstructionIndustry)oftheFederalRepublicofNigeria?CCECCNIGERIASubcontractTemplate(forLabourForce)InconsiderationofthepaymenttobemadebytheContractortotheSub-contractorashereinaftermentionedtheSub-contractorherebycovenantswiththeContractortoexecute1andcompletetheSub—contractWorksandremedyanydefectsthereininconformityinallrespectswiththeprovisionoftheSub-Contract.4.Definitions:TheEmployeroftheProjectisConstructionofUGEP-KATSINAALAINBENUE/CROSSRIVERSTATESCONTRACTNo.5991TheContractorisCCECCNigeriaLimited?TheSub-contractorisNigeriaLabourForceExchangeLimited.TheSub—contractWorksconsistsoftheProjectUGEP-KATSINAALAINBENUE/CROSSRIVERSTATESCONTRACTNo.5991CrossRiverState,Nigeria.5.ThefinalizedSubcontractSumisN540,700,000。00(FiveHundredFortyMillion,sevenHundredThousandNairaonly),inclusiverelevanttax,forthecompletionofthewholeSub—contractWorkswithoutadjustmentforfluctuation。ThemanpowerRequirementlistisasfollows:Labour:300.Proposedsalary:N20,000/month;Mason:100。Proposedsalary:N25,000/month;Carpenter:100。Proposedsalary:N25,000/month;Ironbender:60.Proposedsalary:N30,000/month;Other(welder,mechanic,etc。):40。Proposedsalary:N35,000/month。6.TheworkshouldbecompletedaccordingtotheAGREEMENT。Allthemachinery,equipmentandmaterialsshouldbesuppliedbyCCECC。7.TheSubcontractWorksshouldcommencebythetimetheSubcontractorsigningthisAgreementandthevalidperiodfortheagreementshallbetwenty—fourmonths.8.IftheSubcontractorfailtocompletetheSubcontractWorkswithinthetimestatedinthisAgreement,theSubcontractorwillbechargedLiquatedDamagesat1%(onepercent)oftheSubcontractSumperdaybytheContractor。9.Aftertwicewrittenwarnings(interval7days),theContractorisentitledtoterminatetheContractAgreementathisdiscretionwithoutprejudicetohisrightofclaimforlosesinadditiontorefundtherelevantpaymentincase:a.TheSubcontractorfailstocomplywiththeagreement。b.TheSubcontractordelaysinprogressbeyond14days。InWitnessWhereofthepartiesheretohavecausedthisSub-ContractAgreementtobeexecutedtothedayandyearfirstabovewritten。2TheCommonSealofthewithinnamedCCECCNIGERIALIMITEDwashereuntoaffixedinthepresenceof:QiuJianWu____________________________________________DirectorSe
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