Examples of Liquidated in a sentence
Except to the extent of damages liquidated for the Contractor’s failure to achieve timely completion as set forth in Article 46, Time of Completion and Liquidated Damages, the Principal Representative shall be responsible for, and at his or her option may insure against, loss of use of any existing property not included in the Work, due to fire or otherwise, however caused.
Liquidated damages will be assessed beyond the number of working days specified above as well as the completion date as noted in this tender form and agreement.
Liquidated damages are not intended to be a penalty and are solely intended to compensate for damages.
The completion date or working days stipulated in the Contract includes any time required for the correction of deficient work and Liquidated Damages may therefor apply to the correction of deficient work.
This Bond specifically guarantees the performance of each and every obligation of Principal related to the Maintenance Services under the CMC Documents, as they may be amended and supplemented, including but not limited to, its liability for payment in full of all liquidated damages, Key Personnel Unavailability Liquidated Damages, Lane Rental Charges as specified in the CMC Documents, but not to exceed the Bonded Sum.