Falak Enterprise

Terms And Condations

Conditions
Assumptions
SOW
Schedule of Payments

ADVANCE (As per payment Terms Discussed)

Time Schedule

The entire project activity would take 6-8 weeks’ time starting from receiving
final advance up till commissioning of site in ideal scenario.

Taxes & Duties(GST)(Included ) As Actual i.e. 13.8 % (12% on70 percent component and 18% on remaining 30%).
Freight & Transit InsuranceIncluded
Interest on Overdue PaymentIn case Owner fails to make the due payment within the agreed stipulated timeframe, the Contractor shall be eligible to charge an interest @ of 18% per annum on all overdue payments until the duration payments are received.
System financingOptions are available and varies on case to case basis.
PackingPacking will be done as per Falak Enterprise Standards. Included in price
Deemed CommissioningIf the grid is not made available by owner to Falak Enterprise within 15 days of the solar power plant being ready for grid connectivity because of which Falak Enterprise cannot conduct the final performance tests, it shall be construed as “Commissioned.”
Annual Maintenance charges(AMC)
AMC charges would be applicable after 5 years since date of commissioning and would be INR 2 per watt.
ApprovalsAny type of approval by Government/third party is excluded from this offer,
if it is required then all the terms and conditions will be decided after mutual understanding. Any delay in projects due to any kind of approval will not be responsibility of Falak Enterprise.
InspectionsAny type of inspection by Government/third party/client is excluded from this offer, if it is required then all the terms and conditions will be decided after mutual understanding. All the cost for this inspection will be given by client
Force MajeureFalak Enterprise shall not be liable for any failure of or delay in the performance of this agreement/proposal for the period that such failure or delay is due to causes beyond its reasonable control, including but not limited to acts of God, war, strikes or labor disputes, embargoes, government orders or any other force majeure event.
Change in Standard consideration/considerationsAny change in standard consideration/ considerations for technical designing of the system & scope of work will affect the design of the system as well as quoted price & increased price will be given by client.
Right & Lien of Property
We shall retain the right on equipment, materials or parts supplied by us under this quotation until full value thereof as per our invoice has been fully paid to us.