Common use of Sanctions for Inadequate Reporting Clause in Contracts

Sanctions for Inadequate Reporting. For each Reportable Contract on which the consultant fails to submit timely and complete payment information the Department will retain $1,000.00 as liquidated damages, from the monies due to the consultant. Liquidated damages will be deducted each month for each Reportable Contract on which the consultant fails to submit payment information until the consultant provides the required information as described herein. After 90 consecutive days of non-reporting, the liquidated damages will increase to $2,000.00 for each subsequent month, for each Reportable Contract on which the consultant fails to report until the information is provided. These liquidated damages shall be in addition to all other retention or liquidated damages provided for elsewhere in the contract.