Common use of Time and Completion Clause in Contracts

Time and Completion. Time is of the essence of this Agreement. Subcontractor shall start and complete its work under this Agreement in accordance with such reasonable schedules set forth by the Contractor. Subcontractor shall reimburse Contractor for any costs accumulated or penalties levied against Contractor due to the negligence or non-performance of the Subcontractor, and such costs or penalties may be deducted from the amount due to Subcontractor under this Agreement.

Time and Completion. Time is of the essence of this Agreement. Subcontractor shall start and complete its work under this Agreement in accordance with such reasonable schedules set forth by the Contractor. Subcontractor shall reimburse Contractor for any costs accumulated or penalties levied against Contractor due to the negligence or non-non- performance of the Subcontractor, and such costs or penalties may be deducted from the amount due to Subcontractor under this Agreement.