Common use of Existing NESC Construction Clause in Contracts

Existing NESC Construction. 5: $1,936.00 for each Day of unexcused delay in achieving Final Completion. Delay Liquidated Damages for failure to achieve Final Completion shall commence to accrue on the first Day of an unexcused delay and continue to accrue each month thereafter. Owner may choose to assess and/or seek to recover, offset or withhold Delay Liquidated Damages at any time prior to issuance of the Certificate of Final Completion.

Existing NESC Construction. 5: $1,936.00 1,991.00 for each Day of unexcused delay in achieving Final Substantial Completion. Delay Liquidated Damages for failure to achieve Final Substantial Completion shall commence to accrue on the first Day of an unexcused delay and continue to accrue each month thereafter. Owner may choose to assess and/or seek to recover, offset or withhold Delay Liquidated Damages at any time prior to issuance of the Certificate of Final Completion.