Limitation on Liquidated Damages. Contractor’s liability to Concessionaire under this Agreement for Late Completion Payments and Additional Contractor Delay Payments shall not exceed an amount equal to forty percent (40%) of the Contract Sum. This Section 7.6 shall not be construed to limit Contractor’s other obligations or liabilities arising under or in connection with this Agreement.
Appears in 3 contracts
Samples: Turnkey Lump Sum Design Build Contract, Turnkey Lump Sum Design Build Contract, Turnkey Lump Sum Design Build Contract
Limitation on Liquidated Damages. Contractor’s liability to Concessionaire under this Agreement for Late Substantial Completion Payments and Additional Contractor Delay Payments shall not exceed an amount equal to forty percent the product of (40%x) the sum of the Contract Sumapplicable Concessionaire Delay Damages Rate plus $14,000, multiplied by (y) 365. This Section 7.6 shall not be construed to limit Contractor’s other obligations or liabilities arising under or in connection with this Agreement.
Appears in 2 contracts
Samples: Design Build Contract, Design Build Contract
