Time for CONTRACTOR's Performance and Liquidated Damages Sample Clauses

Time for CONTRACTOR's Performance and Liquidated Damages. CONTRACTOR shall commence the performance of this Contract within ten (10) calendar days after the date of issuance to CONTRACTOR of a notice to proceed by METRO; however, in no event shall the notice to proceed be issued or performance commence prior to the Effective Date of this Contract as hereafter set out. Once timely commenced, CONTRACTOR shall diligently continue its performance to and until final completion of the project. CONTRACTOR shall accomplish substantial completion of the project within one hundred ten (110) calendar days after the date that the notice to proceed is issued. CONTRACTOR shall accomplish final completion of the project within ten (10) calendar days after the date that substantial completion is accomplished. The term substantial completion as used herein shall mean that point at which the project is at a level of completion in strict compliance with this Contract such that METRO or its designee can enjoy beneficial use or occupancy and can use or operate it in all respects for its intended purpose. Partial use or occupancy of the project shall not result in the project being deemed substantially complete and such partial use or occupancy shall not be evidence of substantial completion. The term final completion as used herein shall mean that point at which the project is 100% complete and in conformance with this Contract. Guarantees and equipment warranties required by this Contract shall commence on the date of substantial completion. METRO will suffer financial loss, in addition to any increased costs of completion of the project, if the project is not substantially complete within the time allowed by this Contract. CONTRACTOR and CONTRACTOR's Surety shall be liable for and shall pay to METRO as liquidated damages to compensate for the loss of use of the project for the period of delay, and not as penalty, the sum of one thousand dollars ($1000) for each calendar day of delay until the project is substantially complete. Such liquidated damages do not include any additional costs of this project caused by delay (such as additional costs of construction, additional architect or engineer fees, or other liquidated costs) and CONTRACTOR, in addition to liquidated damages for the cost of delay itself, shall be liable to METRO for same. XXXXXXXXXX agrees that the time and the amount established by this Contract for liquidated damages are reasonable. METRO will suffer financial loss, in addition to any increased costs of completion ...
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Related to Time for CONTRACTOR's Performance and Liquidated Damages

  • CONTRACT TIME AND LIQUIDATED DAMAGES (7-1-95) (Rev. 12-18-07) 108 SP1 G10 A The date of availability for this contract is September 26, 2016. The completion date for this contract is October 31, 2017. Except where otherwise provided by the contract, observation periods required by the contract will not be a part of the work to be completed by the completion date and/or intermediate contract times stated in the contract. The acceptable completion of the observation periods that extend beyond the final completion date shall be a part of the work covered by the performance and payment bonds. The liquidated damages for this contract are Two Thousand Dollars ($ 2,000.00) per calendar day.

  • Withholding for unpaid wages and liquidated damages The FHWA or the contacting agency shall upon its own action or upon written request of an authorized representative of the Department of Labor withhold or cause to be withheld, from any moneys payable on account of work performed by the contractor or subcontractor under any such contract or any other Federal contract with the same prime contractor, or any other federally-assisted contract subject to the Contract Work Hours and Safety Standards Act, which is held by the same prime contractor, such sums as may be determined to be necessary to satisfy any liabilities of such contractor or subcontractor for unpaid wages and liquidated damages as provided in the clause set forth in paragraph (2.) of this section.

  • Breach of Contract and Liquidated Damages A. Where OGS determines that the Contractor is not in compliance with the requirements of this Contract, and the Contractor refuses to comply with such requirements, or if it is found to have willfully and intentionally failed to comply with the MWBE participation goals set forth in the Contract, the Contractor shall be obligated to pay liquidated damages to OGS.

  • Payment of Service Fees Customer will pay the Service Fees for Services ordered by Customer, and all other amounts due under the Agreement, pursuant to the terms of this Section 5.

  • Payment of Liquidated Damages If you supply all or some of your milk to a third party during a Month you must, if required by DFMC, immediately pay to DFMC liquidated damages for that Month calculated as follows: $X = W cents x (Y – Z) Where: $X is the amount payable by you to DFMC for the relevant Month. If $X is a negative amount, no amount is payable by you. Y is the average monthly litres you have supplied to DFMC based on the 12 months immediately preceding the relevant Month (or in the event you have not supplied DFMC for 12 months, the average monthly litres you have supplied to DFMC during the period you have supplied DFMC). Z is the number of litres supplied to DFMC by you for the relevant Month.

  • Contractor’s Performance Warranties Contractor represents and warrants to the State that:

  • Compensation for Damages 4.1 If the Principal has disqualified the Bidder from the tender process prior to the award according to Section 3, the Principal is entitled to demand and recover the damages equivalent Xxxxxxx Money Deposit/Bid Security.

  • Violation; liability for unpaid wages; liquidated damages In the event of any violation of the clause set forth in paragraph (1.) of this section, the contractor and any subcontractor responsible therefor shall be liable for the unpaid wages. In addition, such contractor and subcontractor shall be liable to the United States (in the case of work done under contract for the District of Columbia or a territory, to such District or to such territory), for liquidated damages. Such liquidated damages shall be computed with respect to each individual laborer or mechanic, including watchmen and guards, employed in violation of the clause set forth in paragraph (1.) of this section, in the sum of $10 for each calendar day on which such individual was required or permitted to work in excess of the standard workweek of forty hours without payment of the overtime wages required by the clause set forth in paragraph (1.) of this section.

  • Deduction of Damages from Contract Price Upon prior written notice being issued to the Contractor, CMHA may deduct all or any part of the damages resulting from Contractor’s default from any part of the price still due on this Agreement.

  • Notice of Liquidated Damages System Agency will formally notify Grantee in writing when liquidated damages action is imposed, stating the nature of the action, the reasons for imposing, and the method of appealing. Grantee must submit a written appeal, within ten (10) calendar days of receipt of the notice, to the SUD email box, XxxxxxxxxXxxxx.Xxxxxxxxx@xxxx.xxxxx.xx.xx.

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