Common use of Correction of Deficiencies Clause in Contracts

Correction of Deficiencies. a. The Contractor must replace materials or correct workmanship not conforming to this Contract's requirements at no additional cost to WMATA. In addition, the Contractor is subject to any liquidated damages specified in this Contract or actual damages that WMATA incurs. If the Contractor fails to correct deficiencies, the Contracting Officer, may take specific action as follows: i. Replace or correct the item or work at the Contractor's expense. This may be accomplished by award of a new contract or by use of WMATA's own resources. ii. Accept the items with a reduction in price by formal modification to this Contract. The reduced price will be based upon the item’s reasonable value considering the possible cost of correcting it. iii. Terminate this Contract for default. If the item or work must be re- procured, the Contractor is normally liable for excess costs that WMATA incurs in accordance with the "Termination for Default" clause.

Appears in 9 contracts

Samples: Contract, Contract, Contract

AutoNDA by SimpleDocs

Correction of Deficiencies. a. The Contractor must replace materials or correct workmanship not conforming to this Contract's requirements at no additional cost to WMATA. In addition, the Contractor is subject to any liquidated damages specified in this Contract or actual damages that WMATA incurs. If the Contractor fails to correct deficiencies, the Contracting Officer, may take specific action as follows: i. Replace or correct the item or work at the Contractor's expense. This may be accomplished by award of a new contract or by use of WMATA's own resources. ii. Accept the items with a reduction in price by xxxxx.xx formal modification to this Contract. The reduced price will be based upon the item’s reasonable value considering the possible cost of correcting it. iii. Terminate this Contract for default. If the item or work must be re- re-procured, the Contractor is normally liable for excess costs that WMATA incurs in accordance with the "Termination for Default" clause.

Appears in 4 contracts

Samples: Standard It Terms and Conditions, Standard It Terms and Conditions, Standard It Terms and Conditions

Correction of Deficiencies. a. The Contractor must replace materials or correct workmanship not conforming to this the Contract's requirements at no additional cost to WMATA. In addition, the Contractor is subject to any liquidated damages specified in this Contract or actual damages that WMATA incursincurred by WMATA. If the Contractor fails to correct deficiencies, the Contracting Officer, may take specific action as follows: i. Replace or correct the item or work at the Contractor's expense. This may be accomplished by award of a new contract or by use of WMATA's own resources. ii. Accept the items with a reduction in price price. This action will be accomplished by formal modification to this Contract. The reduced price will be based upon the item’s reasonable value of the item, considering the possible cost of correcting it.the item.‌ iii. Terminate this Contract for default. If the item or work must be re- procured, the Contractor is normally liable for excess costs that incurred by WMATA incurs in accordance with the "Termination for Default" clauseclause in the Standard Provisions of this Contract.

Appears in 3 contracts

Samples: Contract, Contract, Contract

Correction of Deficiencies. a. The Contractor must replace materials or correct workmanship not conforming to this the Contract's requirements at no additional cost to WMATA. In addition, the Contractor is subject to any liquidated damages specified in this Contract or actual damages that WMATA incursincurred by WMATA. If the Contractor fails to correct deficiencies, the Contracting Officer, may take specific action as follows: i. Replace or correct the item or work at the Contractor's expense. This may be accomplished by award of a new contract or by use of WMATA's own resources. ii. Accept the items with a reduction in price price. This action will be accomplished by formal modification to this Contract. The reduced price will be based upon the item’s reasonable value of the item, considering the possible cost of correcting itthe item. iii. Terminate this Contract for default. If the item or work must be re- procured, the Contractor is normally liable for excess costs that incurred by WMATA incurs in accordance with the "Termination for Default" clause.article of this Contract.‌

Appears in 1 contract

Samples: Contract

AutoNDA by SimpleDocs

Correction of Deficiencies. a. The Contractor must replace materials or correct workmanship not conforming to this Contract's requirements at no additional cost to WMATA. In addition, the Contractor is subject to any liquidated damages specified in this Contract or actual damages that WMATA incurs. If the Contractor fails to correct deficiencies, the Contracting Officer, may take specific action as follows: i. Replace or correct the item or work at the Contractor's expense. This may be accomplished by award of a new contract or by use of WMATA's own resources. ii. Accept the items with a reduction in price by formal modification to this Contract. The reduced price will be based upon the item’s reasonable value considering the possible cost of correcting it. iii. Terminate this Contract for default. If the item or work must be re- procured, the Contractor is normally liable for excess costs that WMATA incurs in accordance with the "Termination for Default" clause.

Appears in 1 contract

Samples: Contract

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!