Excusable and Compensable Delay definition

Excusable and Compensable Delay means a delay that entitles Contractor to an adjustment of the Contract Price and an adjustment to the Contract Time, and excuses Contractor from an assessment of Liquidated Damages for the specific delay period Approved by Judicial.
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Examples of Excusable and Compensable Delay in a sentence

  • Notwithstanding the preceding, Contractor shall not be required to forfeit liquidated damages for an Excusable Delay or an Excusable and Compensable Delay pursuant to section 17 of Exhibit B.

  • A delay that entitles Contractor to an adjustment of the Contract Price and an adjustment to the Contract Time, and excuses Contractor from an assessment of Liquidated Damages for the specific delay period approved by the District for the Excusable and Compensable Delay.

  • Contractor shall only be entitled to additional compensation for costs associated with maintenance of the elevators in the event that the Project is an Excusable and Compensable Delay pursuant to this section of Exhibit B.

  • Contractor shall not forfeit or pay liquidated damages for an Excusable Delay or an Excusable and Compensable Delay.

  • The term “Concurrent Delay” means a Contractor-caused delay event which covers the same time-period of an Excusable and Compensable Delay or Excusable Delay, each independently affecting the Completion date.