Common use of Liquidated Damages (LD Clause in Contracts

Liquidated Damages (LD. a) In case of extension in the delivery period with liquidated damages the recovery shall be made on the basis of following percentages of value of Stores with the bidder has failed to supply/ install/ complete:-  delay up to one fourth period of the prescribed delivery period: 2.5%  delay exceeding one fourth but not exceeding half of the prescribed period: 5.0%  delay exceeding half but not exceeding three fourth of the prescribed period: 7.5%  delay exceeding three fourth of the prescribed period: 10% b) Fraction of a day in reckoning period of delay in supplies shall be eliminated if it is less than half a day. c) The maximum amount of liquidated damages shall be 10% of the contract value. d) If the supplier requires an extension of time in completion of contractual supply on account of occurrence of any hindrance, he shall apply in writing to the authority, which has placed the supply order, for the same immediately on occurrence of the hindrance but not after the stipulated date of completion of supply. e) Delivery period may be extended with or without liquidated damages if the delay in the supply of goods is on account of hindrances beyond the control of the bidder.

Liquidated Damages (LD. a) a. In case of extension in the delivery period with liquidated damages the recovery shall be made on the basis of following percentages of value of Stores services with the bidder has failed to supply/ install/ complete:-  complete: - i. delay up to one fourth period of the prescribed delivery period: 2.5%  % ii. delay exceeding one fourth but not exceeding half of the prescribed period: 5.0%  % iii. delay exceeding half but not exceeding three fourth of the prescribed period: 7.5%  % iv. delay exceeding three fourth of the prescribed period: 10% b) b. Fraction of a day in reckoning period of delay in supplies shall be eliminated if it is less than half a day. c) c. The maximum amount of liquidated damages shall be 10% of the contract value. d) d. If the supplier requires an extension of time in completion of contractual supply on account of occurrence of any hindrance, he shall apply in writing to the authority, which has placed the supply order, for the same immediately on occurrence of the hindrance but not after the stipulated date of completion of supply. e) e. Delivery period may be extended with or without liquidated damages if the delay in the supply of goods is on account of hindrances beyond the control of the bidder.

Liquidated Damages (LD. a) In case of extension in the delivery period with liquidated damages the recovery shall be made on the basis of following percentages of value of Stores with the bidder has failed to supply/ install/ complete:-  • delay up to one fourth period of the prescribed delivery period: 2.5%  • delay exceeding one fourth but not exceeding half of the prescribed period: 5.0%  • delay exceeding half but not exceeding three fourth of the prescribed period: 7.5%  • delay exceeding three fourth of the prescribed period: 10% b) Fraction of a day in reckoning period of delay in supplies shall be eliminated if it is less than half a day. c) The maximum amount of liquidated damages shall be 10% of the contract value. d) If the supplier requires an extension of time in completion of contractual supply on account of occurrence of any hindrance, he shall apply in writing to the authority, which has placed the supply order, for the same immediately on occurrence of the hindrance but not after the stipulated date of completion of supply. e) Delivery period may be extended with or without liquidated damages if the delay in the supply of goods is on account of hindrances beyond the control of the bidder.

Liquidated Damages (LD. a) In case of extension in the delivery period with liquidated damages the recovery shall be made on the basis of following percentages of value of Stores with the bidder has failed to supply/ install/ complete:-  delay up to one fourth period of the prescribed delivery period: 2.5%  delay exceeding one fourth but not exceeding half of the prescribed period: 5.0%  delay exceeding half but not exceeding three fourth of the prescribed period: 7.5%  delay exceeding three fourth of the prescribed period: 10% b) Fraction of a day in reckoning period of delay in supplies shall be eliminated if it is less than half a day. c) The maximum amount of liquidated damages shall be 10% of the contract value. d) If the supplier requires an extension of time in completion of contractual supply on account of occurrence of any hindrance, he shall apply in writing to the authority, which has placed the supply order, for the same immediately on occurrence of the hindrance but not after the stipulated date of completion of supply. e) Delivery period may be extended with or without liquidated damages if the delay in the supply of goods items/item/articles is on account of hindrances beyond the control of the bidder.

Liquidated Damages (LD. a) In case of extension in the delivery period with liquidated damages the recovery shall be made on the basis of following percentages of value of Stores with the bidder has failed to supply/ install/ complete:-  delay complete:- a. Delay up to one fourth period of the prescribed delivery period: 2.5%  delay period & completion of Goods and Services. 2.5 % x. Xxxxx exceeding one fourth but not exceeding half of the prescribed period: 5.0%  delay delivery period & completion of Goods and Services. 5.0 % x. Xxxxx exceeding half but not exceeding three fourth of the prescribed period: 7.5%  delay delivery period & completion of Goods and Services. 7.5 % x. Xxxxx exceeding three fourth of the prescribed delivery period: 10%, & completion of Goods and Services. 10.0 % RFP for Rate Contract for Supply & Installation of Antivirus Software/ Endpoint Protection and SSL Certificates for various websites/ applications (after PreBid) b) Fraction of a day in reckoning period of delay in supplies shall be eliminated if it is less than half a day. c) The maximum amount of liquidated damages shall be 10% of the contract value. d) If the supplier requires an extension of time in completion of contractual supply on account of occurrence of any hindrance, he shall apply in writing to the authority, which has placed the supply order, for the same immediately on occurrence of the hindrance but not after the stipulated date of completion of supply. e) Delivery period may be extended with or without liquidated damages if the delay in the supply of goods is on account of hindrances beyond the control of the bidder.