CONTRACT TIME AND LIQUIDATED DAMAGES Sample Clauses

CONTRACT TIME AND LIQUIDATED DAMAGES. (7-1-95) (Rev. 12-18-07) 108 SP1 G10 A The date of availability for this contract is August 31, 2015. The completion date for this contract is October 15, 2016. 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 One Thousand Dollars ($1,000.00) per calendar day.
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CONTRACT TIME AND LIQUIDATED DAMAGES. A. Time is of the essence in the performance of the Work under this Agreement. Design-Build Firm shall commence the Work within ten (10) days from the Commencement Date, established in each Phase's Notice to Proceed. No Work shall be performed at the Project Site prior to such Commencement Dates. Design-Build Firm shall provide forty-eight (48) hours' notice prior to beginning the Work. The Design Phase Work shall be completed within ( ) days from the Commencement Date. B. The Contract Time for the Construction Phase shall be established in the Construction Phase Amendment. The Contract Time shall be the time period from the Commencement Date in the Notice to Proceed for the Design Phase to the date of final completion of the Project. C. County and Design-Build Firm recognize that, since time is of the essence for this Agreement, the County will suffer financial loss if the Work is not substantially completed within the time specified. Should Design-Build Firm fail to substantially complete the Work within the time period noted above for Substantial Completion, County shall be entitled to assess, as Liquidated Damages, but not as a penalty, a dollar amount established by the Construction Phase Amendment for each day thereafter until Substantial Completion is achieved. The Project shall be deemed to be Substantially Completed by the County on the date that the County’s Representative certifies in writing that the Construction of the Project, or specified part thereof, is sufficiently completed in accordance with the Contract Documents, so that the Project or part can be utilized for the purposes for which it is intended. Along with such certification, the County’s Representative shall compile a "punch list" of any remaining exceptions that do not adversely affect the use of the Project. Completion of these items will be required prior to final payment as provided herein. D. Design-Build Firm hereby expressly waives and relinquishes any right which it may have to seek to characterize the above noted Liquidated Damages as a penalty, which the parties agree represents a fair and reasonable estimate of the County's actual damages at the time of contracting if Design-Build Firm fails to substantially complete the Work in accordance with the progress schedule. E. When any period of time is referred to by days herein, it shall be computed to exclude the first day and include the last day of such period. When the period of time is fewer than three (3) days, it shal...
CONTRACT TIME AND LIQUIDATED DAMAGES. A. Time is of the essence in the performance of the Work under the Contract. The “Pre-Construction Commencement Date” shall be established in a written “Notice to Proceed” to be issued by Owner. Construction Contractor shall commence the Pre-Construction Phase Services portion of the Work within five (5) calendar days after the Pre-Construction Phase Commencement Date. Any Work performed by Construction Contractor prior to the Pre- Construction Phase Commencement Date shall be at the sole risk and expense of Construction Contractor. The “Construction Phase Commencement Date” shall be established in GMP Amendment. Construction Contractor shall commence the Construction Phase Services portion of the Work within five (5) calendar days after the Construction Phase Commencement Date. No portion of the Work, with respect to the Construction Phase Services to be provided hereunder, shall be performed prior to the Construction Phase Commencement Date, unless expressly approved in advance by Owner in writing. The total period of time beginning with the Construction Phase Commencement Date and ending on the date of Substantial Completion, hereinafter defined, of the Work is referred to hereafter as the “Contract Time”. The Contract Time is set forth with more specificity in Subsection 7.B below.
CONTRACT TIME AND LIQUIDATED DAMAGES. A. Time is of the essence in the performance of the Work under this Agreement. The “Pre-Construction Phase Commencement Date” must be established in a Notice to Proceed to be issued by OWNER. CONTRACTOR must commence the Pre- Construction Phase Services portion of the Work within five (5) calendar days after the Pre-Construction Phase Commencement Date provided that all other conditions of this Agreement related to the commencement of work by the CONTRACTOR and OWNER have been met. Any Work performed by CONTRACTOR prior to the Pre-Construction Phase Commencement Date must be at the sole risk of CONTRACTOR. The “Construction Phase Commencement Date” must be established in the Compensation Amendment. CONTRACTOR must commence the Construction Phase Services portion of the Work within five (5) calendar days after the Construction Phase Commencement Date provided that the OWNER has approved the Compensation Amendment and provided that all other conditions of this Agreement related to the commencement of work by the CONTRACTOR and OWNER have been met. No portion of the Work, with respect to the Construction Phase Services to be provided hereunder, must be performed prior to the Construction Phase Commencement Date, unless expressly authorized in advance by OWNER in writing. The total period of time beginning with the Construction Phase Commencement Date and ending on the date of Substantial Completion of the Work is referred to hereafter as the “Contract Time”. The Contract Time is described in more specificity in Paragraph 6.B below. B. Because the Work is to be completed in two phases, the timely completion of the first phase is critical to the timely completion of the second phase and, therefore, completion of the entire Project. Accordingly, CONTRACTOR agrees to provide the Pre-Construction Phase Services in accordance with the OWNER’S Master Project Schedule, set forth in attached Exhibit C, as that Master Project Schedule such schedule may be updated and revised by OWNER from time to time. With respect to the Construction Phase Services, the Compensation Amendment must set forth the Construction Phase Commencement Date and the date all Work associated with the Construction Phase Services must be substantially completed by CONTRACTOR. The Substantial Completion date must be established in the Compensation Amendment either in terms of calendar days after the Construction Phase Commencement Date or by a date certain. In the event CONTRACTOR and OWNER fail to ...
CONTRACT TIME AND LIQUIDATED DAMAGES. (4-17-12) 108 SP1 G07 C The date of availability for this contract is April 2, 2018. The completion date for this contract is May 31, 2019. 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 Hundred Dollars ($ 200.00) per calendar day. These liquidated damages will not be cumulative with any liquidated damages which may become chargeable under Intermediate Contract Time Number 1.
CONTRACT TIME AND LIQUIDATED DAMAGES. Time is of the essence in the performance of the work under this Agreement. The Project shall be substantially complete within forty-five (45) calendar days from the Commencement Date specified in the Notice to Proceed. Should Contractor fail to substantially complete the Project within the time period noted above, County shall be entitled to assess, as liquidated damages, but not as a penalty, $50.00 for each calendar day thereafter until substantial completion is achieved. The Project shall be deemed to be substantially complete on the date that the County/XXX certifies in writing that the Project has been completed in accordance with the contract documents, so that the Project can be utilized for the purposes for which it is intended. Along with such certification, the County/XXX shall compile a “punch list” of any remaining exceptions that do not adversely affect the use of the Project. Completion of these items will be required prior to final inspection and issuance of a final Certificate of Payment as provided in Section 11 below. Contractor hereby expressly waives and relinquishes any right which it may have to seek to characterize the above noted liquidated damages as a penalty, which the parties agree represents a fair and reasonable estimate of the actual damages at the time of contracting if Contractor fails to substantially complete the Project in accordance with the progress schedule. When any period of time is referenced to by days herein, it shall be computed to exclude the first day and include the last day of such period. If the last day of any such period falls on a Saturday or Sunday or on a day made a legal holiday by the law of the applicable jurisdiction, such day shall be omitted from the computation, and the last day shall become the next succeeding day which is not a Saturday, Sunday or legal holiday.
CONTRACT TIME AND LIQUIDATED DAMAGES. A. Time is of the essence in the performance of the Work under this Agreement. The " Design Phase Commencement Date" shall be established in a Notice to Proceed to be issued by Owner. Construction Manager shall commence the Design Phase Services portion of the Work within five (5) calendar days after the Design Phase Commencement Date. Any Work performed by Construction Manager prior to the Design Phase Commencement Date shall be at the sole risk of Construction Manager. The " Construction Phase Commencement Date" shall be established in a Notice to Proceed to B. Liquidated damages, if any, which may be assessed by Owner against Construction Manager in the event Construction Manager fails to complete the Work within the Contract Time in accordance with the terms of this Agreement are set forth in the Supplemental Terms and Conditions attached hereto as Exhibit B. C. When any period of time is referenced by days herein, it shall be computed to exclude the first day and include the last day of such period. If the last day of any such period falls on a Saturday or Sunday or on a day made a legal holiday by the laws of Florida or Xxxxxxx County, such day shall be omitted from the computation, and the last day shall become the next succeeding day which is not a Saturday, Sunday or legal holiday.
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CONTRACT TIME AND LIQUIDATED DAMAGES. (7-20-99) (Rev. 12-18-07) 108 SP1 G04 The date of availability for this contract is September 30, 2019, except that work in jurisdictional waters and wetlands shall not begin until a meeting between the DOT, Regulatory Agencies, and the Contractor is held as stipulated in the permits contained elsewhere in this proposal. This delay in availability has been considered in determining the contract time for this project. The completion date for this contract is June 1, 2022. 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 Three Thousand Dollars ($ 3,000.00) per calendar day.
CONTRACT TIME AND LIQUIDATED DAMAGES. 3.1 Design-Build Entity shall complete the Work within the Milestone Schedule in Appendix A, hereby made part of this Agreement.
CONTRACT TIME AND LIQUIDATED DAMAGES. 07/12/07 DB1 G04A The date of availability for this contract is January 3, 2017, except that the Design-Build Team shall not begin ground disturbing activities, including utility relocations (this does not include permitted investigative borings covered under a Nationwide Permit No. 6) until a meeting is held between the NCDOT, the regulatory agencies and the Design-Build Team. The Design-Build Team shall not begin ground disturbing activities at any given site, until the applicable permits have been acquired for that site, as stipulated in the Environmental Permits Scope of Work contained elsewhere in this Request for Proposals (RFP). The completion date for this contract is June 1, 2020. When observation periods are required by the special provisions, they are not a part of the work to be completed by the completion date and/or intermediate contract times. Should an observation period extend beyond the final completion date, the acceptable completion of the observation period shall be a part of the work covered by the performance and payment bonds. The liquidated damages for this contract are One Thousand Five Hundred Dollars ($1500.00) per calendar day.
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