Compensation for Delay. (a) Liquidated Damages (LD) shall be levied where reasons are attributable to supplier / contractors for delays in execution of purchase order/ contract. LD shall be levied @0.5% per week or part there of on the value of unfinished supply/work order for each week of delay subject to a maximum of 5% of the total value of contract ( excluding taxes and duties)
Appears in 9 contracts
Samples: Confidentiality Agreement, Confidentiality Agreement, Confidentiality Agreement
Compensation for Delay. (a) Liquidated Damages (LD) shall be levied where reasons are attributable to supplier / contractors for delays in execution of purchase order/ contract. LD shall be levied @0.5% per week or part there of thereof on the value of unfinished supply/work order for each week of delay subject to a maximum of 5% of the total value of contract ( (excluding taxes and duties)
Appears in 1 contract
Samples: uclindia.nic.in
