Construction Engineering Liquidated Damages. For each day that any physical work remains uncompleted after the Required Completion Date, the sum per day specified in the following schedule, unless otherwise stated in the proposal, will be deducted from money due or to become due. This deduction will not be as a penalty, but as Construction Engineering Liquidated Damages. Schedule of Daily Charges For Construction Engineering Original Contract Amount From More Than To and Including Liquidated Damages Per Calendar Day $ 0 $ 400,000 $ 825 400,000 1,000,000 1,535 1,000,000 5,000,000 2,085 5,000,000 10,000,000 3,280 10,000,000 15,000,000 4,285 15,000,000 5,660 In the event the Contractor is declared in default, as specified in Section 108.08, Construction Engineering Liquidated Damages will be charged as provided by this section. If the total amount chargeable as Construction Engineering Liquidated Damages exceeds the amount payable to the Contractor or the surety, the excess is to be paid to the State by the Contractor or the surety. SECTION 514—DIAMOND GRINDING OF CONCRETE PAVEMENT • SECTION 514.3(e) Concrete Pavement Rehabilitation. Revise to read as follows:
Appears in 5 contracts
Samples: contracts.patreasury.gov, contracts.patreasury.gov, Ecms Highway Construction
