Financial Consequences for Nonperformance Clause Samples

Financial Consequences for Nonperformance. The State reserves the right to withhold payment or implement other appropriate remedies, such as contract termination or nonrenewal, when the Contractor has failed to perform under or comply with the provisions of this contract. When or if the Contractor fails to perform or comply with provisions of this contract, the Contractor has ten (10) calendar days from receipt of Complaint to Vendor Form (PUR 7017) to comply as instructed within the notice. An amount of $500.00 may be assessed for each day the Contractor is delinquent after the ten (10) day notice period ends, and that amount may be withheld from a Contractor’s invoice. The rights and remedies of the State in this paragraph are not considered penalties and are in addition to any other rights and remedies provided by law. Contractors shall identify any equipment or parts covered by this solicitation that they are currently authorized to furnish under any state term contract. By entering into the Contract, a Contractor authorizes the Buyer to eliminate duplication between agreements in the manner the Buyer deems to be in its best interest. During the Contract Term, section 1.4, the Department shall have the right to add or delete Commodities, Groups, or Manufacturer or Brand Names to or from this agreement by adding them to or removing them from the Price Sheet, Attachment A. Any new Commodities, Groups, or Manufacturer or Brand Names added shall be at the requirements, specifications, terms, and conditions herein or as later stipulated by the Department, and at mutually agreed pricing and discounts accepted, in writing, by both the Contractor and the Department. Commodities, Groups, or Manufacturer or Brand Names may be removed at the sole discretion of the Department, per the requirements, specifications, terms, and conditions herein or as permitted by Florida Statutes or Florida Administrative Code.

Financial Consequences for Nonperformance. In addition to the specific financial consequences explained in Attachment 2, Statement of Work, the Department reserves the right to withhold payment when the Contractor has failed to perform or comply with the provisions of this Contract. These consequences for nonperformance are not to be considered penalties.

Financial Consequences for Nonperformance. In accordance with paragraph 287.058(1)(h), Florida Statutes, the Department will apply financial consequences if the Contractor fails to perform in accordance with the contract. The State reserves the right to implement appropriate remedies, such as contract termination if the Contractor fails to perform or comply with provisions of this Contract.

Financial Consequences for Nonperformance. Financial consequences shall apply for nonperformance of the contract by a Contractor. The State reserves the right to withhold payment or implement other appropriate remedies, such as contract termination or nonrenewal, when the Contractor fails to perform or comply with provisions of this Contract. These consequences for non-performance shall not be considered penalties.

Financial Consequences for Nonperformance. Withholding Payment The State reserves the right to withhold payment or implement other appropriate remedies, such as Contract termination or nonrenewal, if the Contractor has failed to perform/comply with provisions of this Contract. These consequences for non-performance shall not be considered penalties.

Financial Consequences for Nonperformance