Time and Liquidated Damages. The work to be performed under this Agreement shall be commenced within 15 days of the Notice to Proceed. All work related to the Project, as further described in Section 1 above, to be performed under this Agreement shall be completed within thirty (30) consecutive calendar days of the Notice to Proceed. If the work to be performed under this Agreement as described in Section 1 above is not completed within the time set forth above, or within such extra time as may be granted by the County, the Contractor shall be deemed to be in default. For each day the Contractor is in default, the Contractor or its Surety shall pay to the County, not as a penalty, but as liquidated damages, in an amount based on the bid price and according to Section 8-10 of the FDOT’s Standard Specifications for Road and Bridge Construction, 2010 Edition. Permitting the Contractor to continue and finish the work or any part of it after the expiration of the time allowed, including extensions, if any, shall in no way act as a waiver on the part of County of the liquidated damages due under this Agreement.
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Samples: Draft Agreement, Draft Agreement, Draft Agreement
Time and Liquidated Damages. The work to be performed under this Agreement shall be commenced within 15 days of the Notice to Proceed. All work related to the Project, as further described in Section 1 above, to be performed under this Agreement shall be completed within thirty (30) consecutive calendar days of the Notice to Proceed. If the work to be performed under this Agreement as described in Section 1 above is not completed within the time set forth above, or within such extra time as may be granted by the County, the Contractor shall be deemed to be in default. For each day the Contractor is in default, the Contractor or its Surety shall pay to the County, not as a penalty, but as liquidated damages, in an amount based on the bid price and calculated according to Section 8-10 8‐10 of the FDOT’s Standard Specifications for Road and Bridge Construction, 2010 Edition. Permitting the Contractor to continue and finish the work or any part of it after the expiration of the time allowed, including extensions, if any, shall in no way act as a waiver on the part of County of the liquidated damages due under this Agreement.
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