Common use of Early Completion Bonus Clause in Contracts

Early Completion Bonus. If Substantial Completion is attained within Four Hundred Eighty-five (485) Days after the date of the Notice to Proceed, Owner shall pay Design-Builder at the time of Final Payment under Section 10.3 hereof an early completion bonus (“Early Completion Bonus”) of [*] Dollars ($[*]) per Day for each Day that Substantial Completion occurred in advance of the Scheduled Substantial Completion Date up to a maximum Early Completion Bonus of [*] Dollars ($[*]).

Appears in 2 contracts

Samples: Lump Sum Design Build Agreement (Advanced BioEnergy, LLC), Lump Sum Design Build Agreement (Advanced BioEnergy, LLC)

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Early Completion Bonus. If Substantial Completion is attained within Four Five Hundred EightyForty-five (485545) Days after the date of the Notice to Proceed, Owner shall pay Design-Builder at the time of Final Payment under Section 10.3 hereof an early completion bonus (“Early Completion Bonus”) of [*] Twenty Thousand Dollars ($[*]20,000.00) per Day for each Day that Substantial Completion occurred in advance of the Scheduled Substantial Completion Date up to a maximum Early Completion Bonus of [*] Dollars said Five Hundred Forty-five Days ($[*]545).

Appears in 1 contract

Samples: Lump Sum Design Build Contract (Ethanol Grain Processors, LLC)

Early Completion Bonus. If Substantial Completion is attained within Four Five Hundred EightyForty-five (485545) Days after the date of the Notice to Proceed, Owner shall pay Design-Builder at the time of Final Payment under Section 10.3 hereof an early completion bonus (“Early Completion Bonus”) of [*] Eight Thousand Dollars ($[*]8,000.00) per Day for each Day that Substantial Completion occurred in advance of the Scheduled Substantial Completion Date up to a maximum Early Completion Bonus of [*] Dollars said Five Hundred Forty-five ($[*])545) Days.

Appears in 1 contract

Samples: Lump Sum Design Build Expansion Agreement (Little Sioux Corn Processors LLC)

Early Completion Bonus. If Substantial Completion is attained within Four Five Hundred Eighty-five Ten (485510) Days after the date of the Notice to Proceed, Owner shall pay Design-Builder at the time of Final Payment under Section 10.3 hereof an early completion bonus (“Early Completion Bonus”) of [*] Twenty Thousand Dollars ($[*]20,000.00) per Day for each Day that Substantial Completion occurred in advance of the Scheduled Substantial Completion Date up to a maximum Early Completion Bonus of [*] Dollars said Five Hundred Ten ($[*])510) Days.

Appears in 1 contract

Samples: Lump Sum Design Build Agreement (One Earth Energy LLC)

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Early Completion Bonus. If Substantial Completion is attained within Four Hundred Eightyfive hundred forty-five (485545) Days after the date of the Notice to Proceed, Owner shall pay Design-Builder at the time of Final Payment under Section 10.3 hereof an early completion bonus (“Early Completion Bonus”) of [*] Ten Thousand Dollars ($[*]10,000.00) per Day for each Day that Substantial Completion occurred in advance of the Scheduled Substantial Completion Date up to a maximum said five hundred forty-five (545) Days, provided however, that such Early Completion Bonus of [*] shall be capped at and shall not exceed One Million Dollars ($[*]1,000,000).

Appears in 1 contract

Samples: Lump Sum Design Build Agreement (Cardinal Ethanol LLC)

Early Completion Bonus. If Substantial Completion is attained within Four Hundred Eightyfour hundred eighty-five (485) Days after the date of the Notice to Proceed, Owner shall pay Design-Builder at the time of Final Payment under Section 10.3 hereof an early completion bonus (“Early Completion Bonus”) of [*] equal to Twenty Thousand Dollars ($[*]20,000.00) per Day for each Day that Substantial Completion occurred in advance of the Scheduled Substantial Completion Date up to a maximum Early Completion Bonus of [*] Dollars said four hundred eighty-five ($[*])485) Days.

Appears in 1 contract

Samples: Lump Sum Design Build Agreement (Millennium Ethanol, LLC)

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