Common use of Completion of Works Clause in Contracts

Completion of Works.  At the time of issuing acceptance order, based on the requirements and contingencies, TANTRANSCO has right to advance/postpone the work Schedule at the time of placing Order. Liquidated damages clause shall apply for belated completion.  TANTRANSCO reserves the right to cancel the order if the work was not carried out as per work schedule. TANTRANSCO also reserves the right to cancel the order if the work schedule is not kept up, without any further notice to the contractor.  The TANTRANSCO will be at liberty to cancel the contract if the work is not made as per the time schedule specified, not withstanding its right to claim liquidated damages for the belated completion of work. The defaulting contractors will be liable to pay to the TANTRANSCO in addition to the liquidated damages for delay.  The schedule for work period will not normally be extended. Hence all efforts shall be taken to deliver / complete the above said works within the contractual period.

Appears in 2 contracts

Samples: Works Contract, Works Contract

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Completion of Works.  At the time of issuing acceptance order, based on the requirements and contingencies, TANTRANSCO has right to advance/postpone the work Schedule at the time of placing Order. Liquidated damages clause shall apply for belated completion.  TANTRANSCO reserves the right to cancel the order if the work was not carried out as per work schedule. TANTRANSCO also reserves the right to cancel the order if the work schedule is not kept up, without any further notice to the contractor.  The TANTRANSCO will be at liberty to cancel the contract if the work is not made as per the time schedule specified, not withstanding its right to claim liquidated damages for the belated completion of work. The defaulting contractors will be liable to pay to the TANTRANSCO in addition to the liquidated damages for delay.  The schedule for work period will not normally be extended. Hence all efforts shall be taken to deliver / complete the above said works within the contractual period.. 

Appears in 1 contract

Samples: Work Contract

Completion of Works. At the time of issuing acceptance order, based on the requirements and contingencies, TANTRANSCO has right to advance/postpone the work Schedule at the time of placing Order. Liquidated damages clause shall apply for belated completion. TANTRANSCO reserves the right to cancel the order if the work was not carried out as per work schedule. TANTRANSCO also reserves the right to cancel the order if the work schedule is not kept up, without any further notice to the contractor. The TANTRANSCO will be at liberty to cancel the contract if the work is not made as per the time schedule specified, not withstanding its right to claim liquidated damages for the belated completion of work. The defaulting contractors will be liable to pay to the TANTRANSCO in addition to the liquidated damages for delay. The schedule for work period will not normally be extended. Hence all efforts shall be taken to deliver / complete the above said works within the contractual period.

Appears in 1 contract

Samples: Works Contract

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Completion of Works. At the time of issuing acceptance order, based on the requirements and contingencies, TANTRANSCO has right to advance/postpone the work Schedule at the time of placing Order. Liquidated damages clause shall apply for belated completion. TANTRANSCO reserves the right to cancel the order if the work was not carried out as per work schedule. TANTRANSCO also reserves the right to cancel the order if the work schedule is not kept up, without any further notice to the contractor. The TANTRANSCO will be at liberty to cancel the contract if the work is not made as per the time schedule specified, not withstanding its right to claim liquidated damages for the belated completion of work. The defaulting contractors will be liable to pay to the TANTRANSCO in addition to the liquidated damages for delay. The schedule for work period will not normally be extended. Hence all efforts shall be taken to deliver / complete the above said works within the contractual period.. ⮚

Appears in 1 contract

Samples: Work Contract

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