Examples of Interim Milestone Dates in a sentence
Design-Builder understands that if the Final Completion Date or any Interim Milestone Dates are not attained, Department will suffer damages which are difficult to determine and accurately specify.
The Project Schedule includes an agreed upon Design and Permit Schedule setting forth time periods for Owner to provide Drawings and Major Permits to Contractors, and an agreed upon construction schedule setting forth Interim Milestone Dates for Contractor to achieve certain construction completion milestones.
Design-Builder understands that if the Project Completion Date or any Interim Milestone Dates are not attained, Developer will suffer damages which are difficult to determine and accurately specify.
An Early Completion Bonus will be paid to the Design-Builder for completion prior to Interim Milestone Dates as follows:BIN 1019700: $7,000.00 per day for a maximum of 30 days BIN 1040750: $5,000.00 per day for a maximum of 30 days.
XXXX understands that if Substantial Completion is not attained by the Scheduled Substantial Completion Date, or by any established Scheduled Interim Milestone Dates, Owner will suffer damages which are difficult to determine and accurately specify.
Once the values are obtained by the LDI group, JPMC needs to figure out the best method to reach the required amount for the company, and hence there is a need to create a Funds of Funds (FOF) portfolio in order to have the asset reach the liability.
Contractor and Owner acknowledge that TIME IS OF THE ESSENCE with respect to their respective obligations under the Contract Documents, and that Owner’s business interests will suffer substantial losses in the event that the Project is not completed within the Interim Milestone Dates and/or the Contract Time in accordance with and subject to the terms of this Agreement.
It is understood and agreed that the City will sustain substantial monetary and other injury and damages, including, but not limited to, increased costs, expenses and liabilities in the event of failure by the Contractor to perform its Work in accordance with the Completion and any Interim Milestone Date(s) set forth in the Project Network Schedule prepared in accordance with the Special Conditions.
The steel demand has further strengthened and the finished products continues to destocking.
Design-Builder acknowledges and agrees that its failure to meet the deadlines set forth in this Design-Build Amendment shall be a material breach of the Agreement and that Owner will incur substantial damages due to any failure by the Design-Builder to achieve Substantial Completion on or before the Required Date of Substantial Completion and any designated Interim Milestone Dates.