SCHEDULE, TIME OF COMMENCEMENT AND SUBSTANTIAL COMPLETION Sample Clauses

SCHEDULE, TIME OF COMMENCEMENT AND SUBSTANTIAL COMPLETION. 6.1 At the time a Guaranteed Maximum Price (GMP) is established, as provided for in Article 7, completion of the project in accordance with the master project schedule shall also be established by the Construction Team. The Construction Manager agrees to complete the construction in accordance with the agreed upon days for Substantial Completion, Final
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SCHEDULE, TIME OF COMMENCEMENT AND SUBSTANTIAL COMPLETION. 6.1 At the time a Guaranteed Maximum Price (GMP) is established in the Project Agreement, a project substantial completion date, a project final completion date and an Owner Occupancy date for completion of the project in accordance with the master project schedule, shall also be established by the Construction Team. Contractor agrees to complete the construction in accordance with the agreed upon substantial completion date, final completion date and owner occupancy date. Contractor acknowledges that failure to complete the project within the construction time set forth in the approved schedule will result in substantial damages to the Owner. Failure to complete the work on time. It is mutually agreed by and between parties hereto that time shall be an essential part of this contract, and that in case of the failure on the part of the Contractor to achieve contractually schedule completion of the milestones established in the Contractor’s project schedule within the time specified and agreed upon, the Owner will be damaged thereby; and the amount of said damages, inclusive of expensed for inspection, Architect’s additional fees, as well as additional personnel superintendence, and necessary traveling expenses, being difficult if not impossible of definite sum set forth below in the Schedule of Liquidated Damages as liquidated damages for every calendar day delay in finishing the work in excess of the number of calendar days prescribed; and the Contractor hereby agrees that said sum shall be deducted from monies due Contractor hereby agrees to pay to the Owner as liquidated damages and not by way of penalty, such total sum as shall be due for such duly computed aforesaid. Liquidated Damages: Less than $2,500,000 $500 per day Between $2,500,000 and $10,000,000 $1,000 per day Between $10,000,000 and $20,000,000 $2,500 per day Over $20,000,000 $5,000 per day Liquidated damages daily rates after Substantial Completion are at 25% of the daily rate prior to Substantial Completion. Warranties called for by this Agreement or by the drawings and specifications shall begin on the date of owner occupancy of the project as set forth in the Project Agreement.
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SCHEDULE, TIME OF COMMENCEMENT AND SUBSTANTIAL COMPLETION. 6.1 At the time a Guaranteed Maximum Price (GMP) is established, as provided for in Article 7, a project substantial completion date, a project final completion date and an Owner Occupancy date for completion of the project in accordance with the master project schedule, shall also be established by the Construction Team. The Construction Manager agrees to complete the construction in accordance with the agreed upon substantial completion date, final completion date and Owner Occupancy date. The Construction Manager acknowledges that failure to complete the project within the construction time set forth in the approved schedule may result in substantial damages to the Owner, for all of which damages the Construction Manager shall be liable. 6.2 The date of Owner Occupancy shall occur as described in Article 2.4(12) hereinabove. Warranties called for by this Agreement or by the Drawings and Specifications shall commence on the Date of Owner Occupancy of the project.
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SCHEDULE, TIME OF COMMENCEMENT AND SUBSTANTIAL COMPLETION. 4.1 Prior to commencement of the Construction Phase, the Owner shall issue to the Construction Manager, in writing, a Notice to Proceed (NTP) for the Construction Phase. The NTP shall include a project substantial completion date, a project final completion date and an Owner Occupancy date for completion of the project in accordance with the master project schedule in accordance with the GMP Addendum. The Construction Manager agrees to complete the construction in accordance with the agreed upon substantial completion date and final completion date.
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SCHEDULE, TIME OF COMMENCEMENT AND SUBSTANTIAL COMPLETION. 6.1 At the time a Guaranteed Maximum Price (GMP) is established as provided for in Article 7, a Project Substantial Completion Date, a Project Final Completion Date and an Owner Occupancy Date for completion of the Project in accordance with the master project schedule, shall also be established by the Construction Team. The Construction Manager agrees to complete the construction in accordance with the agreed upon Substantial Completion Date, Final Completion Date and Owner Occupancy Date. The Construction Manager acknowledges that failure to complete the project within the construction time set forth in the approved schedule will result in substantial damages to the Owner. These liquidated damages are the sole remedy for delay, but does not waive Owner’s right to all other legal remedies in this Agreement. In the event the Construction Manager does not achieve the Substantial Completion Date the Construction Manager shall pay the Owner, as liquidated damages and not as a penalty, the sum of $1,000.00 (One thousand and 00/100 Dollars) per day for each calendar day the actual time of performance exceeds the authorized Substantial Completion Date. 6.2 The date of Owner Occupancy shall occur as described in Article 2.4(12) herein above. Warranties called for by this Agreement or by the Contract Documents shall commence on the Date of Substantial Completion, unless otherwise agreed to, in writing, between the Owner and Construction Manager.
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SCHEDULE, TIME OF COMMENCEMENT AND SUBSTANTIAL COMPLETION. 6.1 At the time a Guaranteed Maximum Price (GMP) is established, as provided for in Article 7, a project substantial completion date, final completion date and an Owner Occupancy date for completion of the project in accordance with the master project schedule, shall also be established by the Construction Team. The Construction Manager agrees to complete the construction in accordance with the agreed upon substantial completion date, final completion date and Owner Occupancy date. The Construction Manager acknowledges that failure to complete the project within the construction time set forth in the approved schedule will result in substantial damages to the Owner, for which the Construction Manager and its Surety shall be liable. The parties have agreed to establish reasonable liquidated damages that will be stated in each GMP and Amendment consistent with Paragraph 17.13. 6.2 The date of Owner Occupancy shall occur as described in Article2.4(l2) hereinabove. Warranties called for by this Agreement or by the Drawings and Specifications shall commence on the Date of Substantial Completion. 6.3 The liquidated damages agreed to by the parties for the initial work under this contract shall be set forth in an attachment to this agreement. The liquidated damages for all other projects shall be included in each GMP amendment.
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SCHEDULE, TIME OF COMMENCEMENT AND SUBSTANTIAL COMPLETION. 6.1 At the time the Guaranteed Maximum Price (GMP) is established, as provided for in Articles 7 and 9, a Project Substantial Completion date, a Final Completion date and an Owner Occupancy date for completion of the Project, in accordance with the master project schedule, shall also be established by the DESIGN-BUILD Firm. The OWNER will issue an amendment to this Contract identifying the GMP for said the Project, identifying the drawings, specifications and other documents upon which the Guaranteed Maximum Price is based, and establishing the Substantial Completion date, Final Completion date and the date for the issuance of the Certificate of Occupancy. THE DESIGN-BUILD FIRM agrees to complete the construction in accordance with the agreed upon Substantial Completion date, Final Completion date and date for the Issuance of Occupancy Certificate. The DESIGN-BUILD FIRM acknowledges that failure to complete the project within the construction time set forth in the approved schedule may result in actual damages to the Owner, for which the DESIGN-BUILD FIRM will be liable in the form of Liquidated Damages as set forth in Article 6.4 below. 6.2 The date of the OWNER Certificate of Occupancy shall occur as described in Article 2.3.4
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SCHEDULE, TIME OF COMMENCEMENT AND SUBSTANTIAL COMPLETION 
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Related to SCHEDULE, TIME OF COMMENCEMENT AND SUBSTANTIAL COMPLETION

  • Substantial Completion 9.8.1 When the Contractor considers that the Work, or a designated portion thereof which has been accepted in writing to by the State, is substantially complete as defined in Subparagraph

  • TIME OF COMPLETION This project’s start date is scheduled for June 15, 2015 and completion date is July 31, 2015. The Contractor agrees to proceed with the work expeditiously without any delay or cessation, except such as may reasonably be beyond his control, and to employ a force of workmen sufficient so to perform the work covered by this Contract in such manner as to expedite the work of such other Contractors as may be engaged upon the work, as further provided in the Instructions to Bidders, to the end that the work to be performed by the Contractor shall be fully completed on or before the 31st day of July, 2015, subject to such adjustment of said date as may be made in accordance with this Contract. It is specifically agreed that the Contractor shall be bounden for damages, as hereinafter provided, for each and every day's delay which may be due or traceable to the Contract. In case the Contractor shall fail to perform fully the Contract within the agreed time limit, he shall pay to the City of Milwaukee, as liquidated damages for such default, the sum of $250.00 per day for each and every day's delay in completing the performance thereof after such time limit.

  • Construction Commencement The Connecting Transmission Owner shall commence construction of the Connecting Transmission Owner’s Attachment Facilities and System Upgrade Facilities and System Deliverability Upgrades for which it is responsible as soon as practicable after the following additional conditions are satisfied: 5.6.1 Approval of the appropriate Governmental Authority has been obtained for any facilities requiring regulatory approval; 5.6.2 Necessary real property rights and rights-of-way have been obtained, to the extent required for the construction of a discrete aspect of the Connecting Transmission Owner’s Attachment Facilities and System Upgrade Facilities and System Deliverability Upgrades; 5.6.3 The Connecting Transmission Owner has received written authorization to proceed with construction from the Developer by the date specified in Appendix B hereto; and 5.6.4 The Developer has provided security to the Connecting Transmission Owner in accordance with Article 11.5 by the dates specified in Appendix B hereto.

  • Upon Substantial Completion of the Work or designated portion thereof and upon application by the Contractor and certification by the Architect, the State shall make payment, reflecting adjustment in retainage, if any, for such Work or portion thereof, as provided in the Contract Documents.

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