Late Delivery Compensation Clause Samples
The Late Delivery Compensation clause establishes the obligation for a party to compensate the other if goods or services are delivered after the agreed-upon deadline. Typically, this clause specifies the amount or method of calculating compensation, such as a fixed fee or a percentage of the contract value for each day of delay. Its core function is to incentivize timely performance and provide a clear remedy for losses caused by late delivery, thereby allocating risk and ensuring accountability.
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Late Delivery Compensation. 13.1 The delay damages for delivery are 1%( one percent) per week beyond 14 day grace period following the Delivery Date and up to a maximum of 8%( eight percent) of Base Price for manufacturing and packaging.
13.2 This delay damages shall be fully liquidated damages and constitute the sole remedy available to Eskom for late Delivery.
13.3 The Contractor shall have no liabilities to Eskom arising after the end of the warranty period.
Late Delivery Compensation. (Cl. 13 and Cl. 39(a)(iii)) (i) Amount per day: [REDACTED] (ii) Maximum amount: (state monetary limit): [REDACTED]
Late Delivery Compensation. If Seller fails to deliver conforming Supplied Product before [***], then Buyer shall be entitled to compensation, as a non-exclusive remedy [***]. The compensation due pursuant to this Section 2.5 shall be applied as a credit against amounts due to Seller pursuant to future invoices.