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Retrieval-Augmented Generation on FIDIC EPC AgreementCITED CLAUSE REFERENCE: FIDIC VOL II PAGE 48
ACTIVE DOCUMENT INDEX (324 PAGES):
Nagarjuna_FIDIC_EPC_Contract_2026.pdf
14.2 MB • Embedded into Vector Store
PROJECT DIRECTOR QUERY:
"What's the payment term for this vendor under the MEP agreement, and what is our delay penalty cap?"
EXTRACTED CONTRACT ANSWERPAGE CITATIONS VERIFIED
1. Payment Terms (Clause 14.3): Net 30 calendar days following joint physical measurement certification and submission of audited tax invoice. A mandatory 5% retention is deducted from interim bills until final Defect Liability Certificate issuance.
2. Liquidated Damages Cap (Clause 8.7): 0.5% per week of delay up to a maximum contractual cap of 10% of total contract value. Liquidated damages cannot be assessed if valid weather delay notice was submitted within 14 calendar days.
Direct Citation: Page 48 (Section 14.3) & Page 27 (Section 8.7)Zero Hallucinations Verified
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