Common use of Compensation for Delay Clause in Contracts

Compensation for Delay. Compensation for Delay If the contractor fails to maintain the required progress or to complete the work and clear the site on or before the contract or justified extended date of completion, he shall, without prejudice to any other right or remedy under the law, on account of such breach, pay as agreed compensation the amount calculated at the rates stipulated (or smaller amount as fixed by the Engineer-in-charge) below by the competent authority (whose decision in writing shall be final and binding).

Compensation for Delay. Compensation for Delay If the contractor Contractor fails to maintain the required progress or to complete the work and clear the site on or before the contract Contract or justified extended date of completion, he the Contractor shall, without prejudice to any other right or remedy under of the law, Institute on account of such breach, pay as agreed compensation the amount calculated at the rates as stipulated (below or such smaller amount as be fixed by IPR on the Engineer-in-charge) below by Contract Value of the competent authority (whose decision in writing shall be final and binding)work for every week that the progress remains slow that the work remains incomplete.

Compensation for Delay. Compensation for Delay If the contractor fails to maintain the required progress or to complete the work and clear the site on or before the contract or justified extended date of completion, he shall, without prejudice to any other right or remedy under the law, on account of such breach, pay as agreed compensation the amount calculated at the rates stipulated (or smaller amount as fixed by the Engineer-in-charge) below by the competent authority (whose decision in writing shall be final and binding).