Common use of CONTRACT TIME AND LIQUIDATED DAMAGES Clause in Contracts

CONTRACT TIME AND LIQUIDATED DAMAGES. A. Time is of the essence in the performance of the Work under this Agreement. The " Design Phase Commencement Date" shall be established in a Notice to Proceed to be issued by Owner. Construction Manager shall commence the Design Phase Services portion of the Work within five (5) calendar days after the Design Phase Commencement Date. Any Work performed by Construction Manager prior to the Design Phase Commencement Date shall be at the sole risk of Construction Manager. The " Construction Phase Commencement Date" shall be established in a Notice to Proceed to B. Liquidated damages, if any, which may be assessed by Owner against Construction Manager in the event Construction Manager fails to complete the Work within the Contract Time in accordance with the terms of this Agreement are set forth in the Supplemental Terms and Conditions attached hereto as Exhibit B. C. When any period of time is referenced by days herein, it shall be computed to exclude the first day and include the last day of such period. If the last day of any such period falls on a Saturday or Sunday or on a day made a legal holiday by the laws of Florida or Xxxxxxx County, such day shall be omitted from the computation, and the last day shall become the next succeeding day which is not a Saturday, Sunday or legal holiday.

CONTRACT TIME AND LIQUIDATED DAMAGES. A. Time is of the essence in the performance of the Work under this Agreement. The " Design Phase Commencement Date" shall be established in a Notice to Proceed to be issued by Owner. Construction Manager shall commence the Design Phase Services portion of the Work within five (5) calendar days after the Design Phase Commencement Date. Any Work performed by Construction Manager prior to the Design Phase Commencement Date shall be at the sole risk of Construction Manager. The " Construction Phase Commencement Date" shall be established in a Notice to Proceed toto be issued by Owner after the Construction Documents have been completed by the Design Professional B. Liquidated damages, if any, which may be assessed by Owner against Construction Manager in the event Construction Manager fails to complete the Work within the Contract Time in accordance with the terms of this Agreement are set forth in the Supplemental Terms and Conditions attached hereto as Exhibit B. C. When any period of time is referenced by days herein, it shall be computed to exclude the first day and include the last day of such period. If the last day of any such period falls on a Saturday or Sunday or on a day made a legal holiday by the laws of Florida or Xxxxxxx County, such day shall be omitted from the computation, and the last day shall become the next succeeding day which is not a Saturday, Sunday or legal holiday.

CONTRACT TIME AND LIQUIDATED DAMAGES. A. Time is of the essence in the performance of the Work under this Agreement. The " Design Phase Commencement Date" shall be established in a Notice to Proceed to be issued by Owner. Construction Manager shall commence the Design Phase Services portion of the Work within five (5) calendar days after the Design Phase Commencement Date. Any Work performed by Construction Manager prior to the Design Phase Commencement Date shall be at the sole risk of Construction Manager. The " Construction Phase Commencement Date" shall be established in a Notice to Proceed toto be issued by Owner after the Construction Documents have been completed by the Design Professional B. Liquidated damages, if any, which may be assessed by Owner against Construction Manager in the event Construction Manager fails to complete the Work within the Contract Time in accordance with the terms of this Agreement are set forth in the Supplemental Terms and Conditions attached hereto as Exhibit B. C. When any period of time is referenced by days herein, it shall be computed to exclude the first day and include the last day of such period. If the last day of any such period falls on a Saturday or Sunday or on a day made a legal holiday by the laws of Florida or Xxxxxxx Collier County, such day shall be omitted from the computation, and the last day shall become the next succeeding day which is not a Saturday, Sunday or legal holiday.