Liquidated Damage Amounts Clause Samples

Liquidated Damage Amounts. A. See Document 00 7200 (General Conditions) Paragraph 11.07.D for liquidated damages provisions pertaining to Key Personnel.

Liquidated Damage Amounts. Delivery Delay Liquidated Damages (Clause 6.4(c)(i)(1)):

Liquidated Damage Amounts. A. Owner and Design-Build Team recognize that time is of the essence of this Agreement and that Owner will suffer financial loss, if the Work is not completed within the time specified herein, taking into account any extensions thereof allowed in accordance with the Contract Documents. B. Consistent with terms, conditions, stipulations and limitations in Document 00 7253 (General Conditions) regarding liquidated damages, Design-Build Team and Owner agree that because of the nature of the Project, it would be impractical or extremely difficult to fix the amount of actual damages incurred by Owner because of a delay in completion of the Work. Accordingly, in the event of delay in completion of the Work, or any applicable portion, Owner and Design-Build Team agree that Design-Build Team shall pay Owner as liquidated damages the number of Dollars provided below: 1. As liquidated damages for delay, Design-Build Team shall pay Owner One Thousand Dollars ($1,000.00) for each Day that expires after the time specified herein for Design- Build Team to achieve the Final Completion of the entire Work (paragraph 2.03A above), until achieved.

Liquidated Damage Amounts. A. Owner and Design-Build Entity recognize that time is of the essence of this Agreement and that Owner will suffer financial loss, if the Work is not completed within the time specified herein, taking into account any extensions thereof allowed in accordance with the Contract Documents. B. Consistent with terms, conditions, stipulations and limitations in Document 00 72 53 (General Conditions) regarding liquidated damages, Design-Build Entity and Owner agree that because of the nature of the Project, it would be impractical or extremely difficult to fix the amount of actual damages incurred by Owner because of a delay in completion of the Work. Accordingly, in the event of delay in completion of the Work, or any applicable portion, Owner and Design-Build Entity agree that Design- Build Entity shall pay Owner as liquidated damages the number of Dollars provided below: 1. As liquidated damages for delay, Design-Build Entity shall pay Owner Two Thousand, Five Hundred Dollars ($2,500.00) for each Day that expires after the time specified herein for Design-Build Entity to achieve the Final Completion of the entire Work (paragraph 2.02A above), until achieved.

Liquidated Damage Amounts. A. Owner and Contractor recognize that time is of the essence of this Agreement and that Owner will suffer financial loss, if the Work is not completed within the time specified herein, taking into account any extensions thereof allowed in accordance with the Contract Documents. B. Consistent with terms, conditions, stipulations and limitations in Document 00 72 53 (General Conditions) regarding liquidated damages, Contractor and Owner agree that because of the nature of the Project, it would be impractical or extremely difficult to fix the amount of actual damages incurred by Owner because of a delay in completion of the Work. Accordingly, in the event of delay in completion of the Work, or any Phase or Subproject, Owner and Contractor agree that Contractor shall pay Owner as liquidated damages the number of Dollars provided below: 1. As liquidated damages for delay, Contractor shall pay Owner Two Thousand Dollars ($2,000) for each Day that expires after the time specified herein for Contractor to achieve Substantial Completion of the entire Work, until achieved.

Liquidated Damage Amounts. Because the Licensee's failure to comply with the provisions of this License Agreement will result in injury to the City, and because it may be difficult to estimate the extent of each such injury, the Licensee and the City agree to the following liquidated damages, which provisions represent the best estimate of the damages resulting from injuries of specific types. The amounts of the liquidated damages set forth in this License Agreement are in 1999 dollars and shall be increased each year by the increase in the U. S. Department of Labor, Bureau of Labor Statistics, Consumer Price Index for Pacific Cities and U. S. City Average, Seattle, Urban Wage Earners and Clerical Workers Second Half Yearly Report. The amount of liquidated damages for all material violations of the License Agreement for which actual damages may not be ascertainable shall be: $500 per day for each violation for each day the violation continues. It is provided, however, that the City shall allow the Grantee a minimum of 10 days after notice to the Grantee of such neglect, failure, or refusal to comply within which to meet compliance or correct performance prior to the assessment of any liquidated damages.