FAILURE TO COMPLETE WORK ON TIME. a) The whole work shall have been performed in accordance with the terms of the Contract on or before the date stated in the proposal for completion or the date to which the time of completion shall have been extended under the provisions of this Contract. b) If the work specified in the Contract shall not have been physically completed by the time stipulated therein, or, in the event the Contract has been substantially completed and the project opened for traffic as directed in writing by the Engineer, but physical completion of the work is subject to delay because of minor uncompleted items which do not impair the usefulness of the project, the Contractor shall assume, without reimbursement, the entire cost of all officers and inspectors the City determines to be necessary during the period of overrun of time. c) If the Contractor fails to complete the work within the time specified in the contract, the Contractor shall pay liquidated damages to the Government in the amount of [insert amount] for each calendar day of delay until the work is completed or accepted.
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Samples: Contract for Public Construction, Contract for Public Construction