Common use of Delay Damages Clause in Contracts

Delay Damages. The Subcontractor / PRW shall complete the whole of the Works fit for the purpose and each Section / Milestone thereof within the stipulated Time for Completion of Works. If the Subcontractor / PRW fail to complete the Works or each Section / Milestone thereof within the stipulated Time for Completion, the Subcontractor / PRW shall pay Delay Damages to the Company for this default at 0.75% of Accepted Subcontract Amount per week beyond stipulated Time for Completion subject to maximum of 10% of Accepted Subcontract Amount. Delay Damages, without prejudice to any other method of recovery, be deducted by the Company from any amount due or which may become due to the Subcontractor / PRW or shall be recovered as a debt. For this purpose, the Company shall also have the right to invoke Cross Fall Breach and Set Off provisions of Clause 24.

Delay Damages. The Subcontractor / Subcontractor/ PRW shall complete the whole of the Works fit for the purpose and each Section / Section/Milestone thereof within the stipulated Time for Completion of Works. If the Subcontractor / Subcontractor/ PRW fail fails to complete the Works or each Section / Section/Milestone thereof within the stipulated Time for Completion, the Subcontractor / Subcontractor/PRW shall pay Delay Damages to the Company for this default at 0.75% of Accepted Subcontract Amount per week beyond stipulated Time for Completion subject to maximum of 10% of Accepted Subcontract Amount. Delay Damages, without prejudice to any other method of recovery, be deducted by the Company from any amount due or which may become due to the Subcontractor / Subcontractor/ PRW or shall be recovered as a debt. For this purpose, the Company shall also have the right to invoke Cross Fall Breach and Set Off provisions of Clause 24.