Liquidated Damages for Failure to Meet Contract Requirements. It is agreed by the Division of Medicaid and the Contractor that in the event of the Contractor’s failure to meet the requirements provided in this Contract and/or all documents incorporated herein, damage will be sustained by the Division and the actual damages which will be sustained by event of and by reason of such failure are uncertain, and extremely difficult and impractical to ascertain and determine. The parties therefore agree that the Contractor will pay the Division liquidated damages in the fixed amounts as stated below; provided however, that if it is finally determined that the Contractor would have been able to meet the Contract requirements listed below but for the Division’s failure to perform as provided in this Contract, the Contractor shall not be liable for damages resulting directly therefrom. The Division may impose liquidated damages upon the Contractor when it fails to timely and accurately submit any reports under this Contract.
Appears in 5 contracts
Samples: medicaid.ms.gov, medicaid.ms.gov, medicaid.ms.gov
