Liquidated Damages for Final Completion. 5.03.01 If the Contractor fails to achieve final completion within 30 consecutive calendar days of the date of Substantial Completion, the Contractor shall pay the Owner the sum of: Five Hundred Dollars $ 500 per day for each and every calendar day of unexcused delay in achieving final completion beyond the date set forth for final completion of the Work.
Liquidated Damages for Final Completion. If the Construction Manager fails to achieve final completion within 60 days of the date of Substantial Completion, the Construction Manager shall pay the Owner the sum of $500 dollars per day for each and every calendar day of unexcused delay in achieving final completion beyond the date set forth for final completion of the Project. Any sums due and payable hereunder by the Construction Manager shall be payable, not as a penalty, but as liquidated damages representing a reasonable estimate of delay damages, inconvenience, additional overhead and costs likely to be sustained by the Owner as estimated at or before the time of executing this Agreement. When the Owner reasonably believes that final completion will be inexcusably delayed, the Owner shall be entitled, but not required, to withhold from any amounts otherwise due the Construction Manager an amount then believed by the Owner to be adequate to recover liquidated damages applicable to such delays. Prior being entitled to receive final payment, and as a condition precedent thereto, the Construction Manager shall provide the Owner, in the form and manner required by Owner, if any, the following:
Liquidated Damages for Final Completion. 5.2.01 If the Construction Manager fails to achieve final completion within 60 days of the date of Substantial Completion, the Construction Manager shall pay the Owner the sum of: dollars $ per day for each and every calendar day of unexcused delay in achieving final completion beyond the date set forth for final completion of the Work.
Liquidated Damages for Final Completion. Prior to being entitled to receive final payment, and as a condition precedent thereto, the Construction Manager shall provide the Owner, in the form and manner required by Owner, if any, the following:
Liquidated Damages for Final Completion. 1. If the XXXX fails to achieve FINAL COMPLETION within 60 days of the date of SUBSTANTIAL COMPLETION, the XXXX shall pay the OWNER the sum of Dollars per day for each and every calendar day of unexcused delay in achieving final completion beyond the date set forth for completion of the WORK or PROJECT.
Liquidated Damages for Final Completion. Design-Builder understands that if Final Completion is not achieved within days of Substantial Completion Date, CITY will suffer damages which are difficult to determine and accurately specify. Design-Builder agrees that if Final Completion is not achieved within ( ) days of Substantial Completion, Design-Builder shall pay to CITY two thousand Dollars ($2,000), as liquidated damages for each calendar day that Final Completion is delayed beyond the above-referenced number of days.
