Common use of Assessment of Liquidated Damages Clause in Contracts

Assessment of Liquidated Damages. Construction Manager shall advise the District on the Liquidated Damages that shall be assessed against any Trade Contractor for failure to comply with the Baseline Schedule or Schedule Updates, failure to meet Milestones or the Contract Time and failure to timely complete the correction of all Punch-list items. Construction Manager shall immediately notify the District when Liquidated Damages become applicable on account of a Trade Contractor’s failure to perform so the District and Construction Manager can notify the Trade Contractor that the Liquidated Damages period has commenced.

Assessment of Liquidated Damages. Construction Manager shall advise the District on the Liquidated Damages any liquidated damages that shall may be assessed against any Trade Contractor for failure to comply with the Baseline Schedule or Schedule Updatesany scheduling requirements, failure to meet Milestones milestones or the Contract Time and completion date or the failure to timely complete the correction of all Punchpunch-list items. Construction Manager shall immediately notify the District when Liquidated Damages liquidated damages become applicable on account of a Trade Contractor’s failure to perform so the District and Construction Manager can notify the Trade Contractor and its surety that the Liquidated Damages period has commencedliquidated damages are being assessed.