occasion of describing
the expression „turnkey contract‟ as package deal contract. The expression
„turnkey contract‟ leaves no ambiguity with regard to its intent and object ... contract was not a fixed price
contract. There is no stipulation anywhere in the whole contract that this
contract is a firm price contract
Comverse Network Systems India Pvt. ... vs Acit, Gurgaon on 20 January, 2017
IN THE INCOME
para 12.6 of his order that the contracts in question were not contracts of works or turnkey but one of sale. He held that ... error by coming to a conclusion that the contracts in question are supply contracts and not turnkey contracts. The learned Standing Counsel finds fault with
contracts, as the appellants have entered with the DMRC has to be arrived, as to whether such a contract is composite contract or such contract ... coming to conclusion whether the appellants contracts entered into with DMRC can be works contract or contracts which can be vivisected, to arrive the value
that, the subject
contract may be construed as an umbrella contract, yet it is a
divisible contract, since under the same contract, the
consideration ... income, the contract cannot be regarded as a
composite contract leading to attribution of entire contract
revenues.
Not a Turnkey Contract
At the outset
added the
word “turnkey”in its quotation as “NPKRR Old Plat Expansion
Turnkey”, is to be seen. If it is turnkey contract ... contract came to be executed and
nowhere in the contract, it is stated that the contract is a turnkey
contract. Thus, all these letters which
connectivity with proposed GIS S/S at Ersama, Paradeep,
on turnkey contract basis" in favour of opposite party no.4-
M/s. Bharat Heavy ... connectivity with proposed GIS S/S at Ersama, Paradeep,
on turnkey contract basis."
2.1 As per the Instruction to Bidder (ITB), a joint
venture
have entered into a Contract
dated 4th March, 2007 and subsequently Contract
Amendment dated 4th August, 2007 for the turnkey
execution of 4xFr ... Iraq by BHEL to MGI on a turnkey
basis in Kurdistan region, Iraq, (hereinafter the „Turnkey
Contract")
WHEREAS, during execution of the Tunkey Contract
said to be a turnkey
contract for a firm price. Once the contracts are found not to be turnkey
on firm price, the plaintiff would ... Although the contract specifies a date for completion of the
contract, the clause requiring the plaintiff to modulate the execution of
the contract in accordance
execute, on a turnkey basis, a Gas Turbine Power
Plant: 4XFr9E at Kurdistan, Iraq.
4. Being a turnkey contract, the appellant had to design ... reduced to US$ 100 million.
5. As the nomenclature of the turnkey contract: „4XFr9E‟
suggests, 4 gas turbine units had to be erected
