Common use of Penalties for Failure to Correct Clause in Contracts

Penalties for Failure to Correct. A. Civil Money Penalties Following failure on the part of the Contractor to cure a default in accordance with a plan of correction under Section 40.4 “Requirement of Corrective Action,” Finance or the Department may impose civil money penalties in the circumstances and the amounts set forth below if the Contractor does any of the following:

Penalties for Failure to Correct. A. Civil Money Penalties Following failure on the part of the Contractor to cure a default in accordance with a plan of correction under Section 40.4 39.4 “Requirement of Corrective Action,” Finance or the Department may impose civil money penalties in the circumstances and the amounts set forth below if the Contractor does any of the following: