Time is of the Essence/Liquidated Damages. Time is of the essence in the performance of this Contract. The Contractor shall diligently pursue the Project work to physical completion by the date specified in Section 1. If said work is not completed within the time specified, the Contractor agrees to pay the City as liquidated damages the sum set forth in Section 1-08.9 of the Standard Specifications for each and every calendar day said work remains uncompleted after expiration of the specified time.
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Samples: Sample Small Public Works Agreement, Public Works Agreement, Sample Small Public Works Agreement
Time is of the Essence/Liquidated Damages. Time is of the essence in the performance of this Contract. The Contractor shall diligently deliver equipment and pursue the Project work to physical completion by the date specified in Section 1. If said work is not completed within the time specified, the Contractor agrees to pay the City as liquidated damages the sum set forth in Section 1-08.9 of the Standard Specifications for each and every calendar day said work remains uncompleted after expiration of the specified time.
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