FAILURE TO COMPLETE WORK WITHIN THE CONTRACT TIME. TIME IS AN ESSENTIAL ELEMENT OF THE CONTRACT. Contractor’s failure to substantially complete the Work within the Contract Time or to achieve Substantial Completion as required will cause damage to Owner. These damages shall be liquidated by agreement of Contractor and Owner, in the amount per day as set forth in the Contract.
FAILURE TO COMPLETE WORK WITHIN THE CONTRACT TIME. TIME IS OF THE ESSENSE OF THIS CONTRACT. The CM-at-Risk’s failure to Substantially Complete the Work within the Contract Time or to achieve final completion as required will cause damage to the Owner. These damages may be liquidated by agreement of the CM-at-Risk and the Owner, as set forth in the Contract Documents.