Common use of Liquidated Damages – Failure To Meet Substantial Completion Date Clause in Contracts

Liquidated Damages – Failure To Meet Substantial Completion Date. It is expressly agreed as a part of the consideration inducing Owner to execute this Agreement that Owner may deduct from the Final Payment made to Contractor a dollar amount per day established by the matrix set forth below for each and every additional calendar day beyond the agreed date of Substantial Completion. Contract Range Daily Liquidated Damages Charge $0.00 - $500,000 $ 250.00 $500,001 - $1,000,000 $ 500.00 $1,000,001 - $2,000,000 $ 750.00 $2,000,001 - $3,000,000 $ 1,000.00 $3,000,001 - $5,000,000 $ 1,250.00 $5,000,001 - $7,500,000 $ 1,500.00 $7,500,001 - $10,000,000 $ 1,750.00 $10,000,001- $15,000,000 $ 2,000.00 15,000,001 - $20,000,000 $ 2,250.00 $20,000,001 and Greater $ 2,500.00

Liquidated Damages – Failure To Meet Substantial Completion Date. It is expressly agreed as a part of the consideration inducing Owner to execute this Agreement that Owner may deduct from the Final Payment made to Demolition Contractor a dollar amount per day established by the matrix set forth below for each and every additional calendar day beyond the agreed date of Substantial Completion. Contract Range Daily Liquidated Damages Charge $0.00 - $500,000 $ 250.00 $500,001 501,000 - $1,000,000 $ 500.00 $1,000,001 - $2,000,000 $ 750.00 $2,000,001 - $3,000,000 $ 1,000.00 $3,000,001 - $5,000,000 $ 1,250.00 $5,000,001 - $7,500,000 $ 1,500.00 $7,500,001 - $10,000,000 $ 1,750.00 $10,000,001- $15,000,000 $ 2,000.00 Contract Range Daily Liquidated Damages Charge $15,000,001 - $20,000,000 $ 2,250.00 $20,000,001 and Greater $ 2,500.00

Liquidated Damages – Failure To Meet Substantial Completion Date. It is expressly agreed as a part of the consideration inducing Owner to execute this Agreement that Owner may deduct from the Final Payment made to Contractor a dollar amount per day established by the matrix set forth below for each and every additional calendar day beyond the agreed date of Substantial Completion. Contract Range Daily Liquidated Damages Charge $0.00 - $500,000 $ 250.00 $500,001 - $1,000,000 $ 500.00 $1,000,001 - $2,000,000 $ 750.00 $2,000,001 - $3,000,000 $ 1,000.00 $3,000,001 - $5,000,000 $ 1,250.00 Contract Range Daily Liquidated Damages Charge $5,000,001 - $7,500,000 $ 1,500.00 $7,500,001 - $10,000,000 $ 1,750.00 $10,000,001- $15,000,000 $ 2,000.00 15,000,001 - $20,000,000 $ 2,250.00 $20,000,001 and Greater $ 2,500.00

Liquidated Damages – Failure To Meet Substantial Completion Date. It is expressly agreed as a part of the consideration inducing Owner to execute this Agreement that Owner may deduct from the Final Payment made to Contractor a dollar amount per day established by the matrix set forth below for each and every additional calendar day beyond the agreed date of Substantial Completion. Contract Range Daily Liquidated Damages Charge $0.00 - ‐ $500,000 $ 250.00 $500,001 - ‐ $1,000,000 $ 500.00 $1,000,001 - ‐ $2,000,000 $ 750.00 $2,000,001 - ‐ $3,000,000 $ 1,000.00 $3,000,001 - ‐ $5,000,000 $ 1,250.00 $5,000,001 - ‐ $7,500,000 $ 1,500.00 $7,500,001 - ‐ $10,000,000 $ 1,750.00 $10,000,001- 10,000,001‐ $15,000,000 $ 2,000.00 15,000,001 - ‐ $20,000,000 $ 2,250.00 $20,000,001 and Greater $ 2,500.00

Liquidated Damages – Failure To Meet Substantial Completion Date. It is expressly agreed as a part of the consideration inducing Owner to execute this Agreement that Owner may deduct from the Final Payment made to Contractor a dollar amount per day established by the matrix set forth below for each and every additional calendar day beyond the agreed date of Substantial Completion. Contract Range Daily Liquidated Damages Charge $0.00 - $500,000 $ 250.00 $500,001 - $1,000,000 $ 500.00 $1,000,001 - $2,000,000 $ 750.00 $2,000,001 - $3,000,000 $ 1,000.00 $3,000,001 - $5,000,000 $ 1,250.00 $5,000,001 - $7,500,000 $ 1,500.00 $7,500,001 - $10,000,000 $ 1,750.00 $10,000,001- $15,000,000 $ 2,000.00 $15,000,001 - $20,000,000 $ 2,250.00 $20,000,001 and Greater $ 2,500.00

Liquidated Damages – Failure To Meet Substantial Completion Date. It is expressly agreed as a part of the consideration inducing Owner to execute this Agreement that Owner may deduct from the Final Payment made to Demolition Contractor a dollar amount per day established by the matrix set forth below for each and every additional calendar day beyond the agreed date of Substantial Completion. Contract Range Daily Liquidated Damages Charge $0.00 - $500,000 $ 250.00 $500,001 501,000 - $1,000,000 $ 500.00 $1,000,001 - $2,000,000 $ 750.00 $2,000,001 - $3,000,000 $ 1,000.00 $3,000,001 - $5,000,000 $ 1,250.00 $5,000,001 - $7,500,000 $ 1,500.00 $7,500,001 - $10,000,000 $ 1,750.00 Contract Range Daily Liquidated Damages Charge $10,000,001- $15,000,000 $ 2,000.00 $15,000,001 - $20,000,000 $ 2,250.00 $20,000,001 and Greater $ 2,500.00

Liquidated Damages – Failure To Meet Substantial Completion Date. It is expressly agreed as a part of the consideration inducing Owner to execute this Agreement that Owner may deduct from the Final Payment made to Contractor a dollar amount per day established by the matrix set forth below for each and every additional calendar day beyond the agreed date of Substantial Completion. Contract Range Daily Liquidated Damages Charge $0.00 - $500,000 $ 250.00 $500,001 - $1,000,000 $ 500.00 $1,000,001 - $2,000,000 $ 750.00 $2,000,001 - $3,000,000 $ 1,000.00 $3,000,001 - $5,000,000 $ 1,250.00 $5,000,001 - $7,500,000 $ 1,500.00 $7,500,001 - $10,000,000 $ 1,750.00 Contract Range Daily Liquidated Damages Charge $10,000,001- $15,000,000 $ 2,000.00 15,000,001 - $20,000,000 $ 2,250.00 $20,000,001 and Greater $ 2,500.00