DEVELOPMENT OF ECO TOURISM PROJECT AT KADEM RESERVOIR, ADILABAD DISTRICT, ANDHRA PRADESH

Authorisation Agreement

Section 7.2

Reporting and Inspection

The Authorisee shall, in addition to the reporting requirements set forth elsewhere in this Agreement, comply with the reporting requirements hereunder: (a) Construction Period Reports

(i) The Authorisee shall within 30 (thirty) days after the execution of the EPC Contract provide to the Grantor / Nodal Officer/Independent Engineer a copy of the construction schedule created using network techniques. A detailed explanation of the construction methodology, outlining the quality assurance, safety and surveillance plan shall also be included. If the Grantor does not submit written objections to the construction schedule submitted to it by the Authorisee within thirty (30) days of submission, the Grantor shall be deemed to have approved such construction schedule and the Authorisee shall be entitled to proceed with the Project accordingly. (ii) The Authorisee shall provide to the Grantor /Nodal Officer/ Independent Engineer a quarterly progress report during the Construction Period, which shall contain the following information: Summary of Progress: Summary of the progress of the Project for that month which shall detail: (1) any areas of significant concern and the action being taken to resolve any significant difficulties; (2) the actual progress made during that month against the construction schedule including a description in reasonable detail of the work carried out; (3) any matters which have come to light which are likely materially and adversely to affect the construction of the Project; (4) any potential or actual deviations from the construction schedule, the Specifications and Standards and Good Industry Practice or otherwise confirmation that construction is proceeding in accordance therewith; (5) a commentary on the progress of construction as against the business plan; (6) areas of concern or problem or bottlenecks, impact and corrective action plans, revised resource planning details. The critical path schedules shall be updated and included as part of this report in order of priority. Completion: Details of any changes to the proposed date of completion of construction and the reasons for such changes; and Government Approvals: Written confirmation that all Applicable Permits then required are in full force and effect including a list of such permits.
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Consortium Led by M/s. Hotel Sudarshan

Brundavan Gardens and Lakeview Resorts Pvt. Ltd.

Andhra Pradesh Tourism Development Corporation Ltd.