Common use of Compensation for Delay Clause in Contracts

Compensation for Delay. 21.1 In case of delay in mobilization or in completion of work in all respects and to the full satisfaction of Engineer-In-Charge, the Engineer-In-Charge may at his discretion impose a penalty at the rate of 0.5% per week or part thereof limited to 5% of the contract value.

Appears in 6 contracts

Samples: Proforma for Contract Agreement, Proforma for Contract Agreement, Housekeeping and Maintenance Contract

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Compensation for Delay. 21.1 14.1 In case of delay in mobilization or in completion of work in all respects and to the full satisfaction of Engineer-In-Charge, the Engineer-In-Charge may at his discretion impose a penalty at the rate of 0.5% per week or part thereof limited to 5% of the contract value.

Appears in 1 contract

Samples: gailebank.gail.co.in

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