Period for Completion definition
Examples of Period for Completion in a sentence
The Subcontractor acknowledges, agrees and accepts that time is of the essence with respect to its obligations under this Subcontract, and that the Contractor’s and the Employer’s business interests will suffer substantial losses in the event that the Works is not completed within the Period for Completion.
TIME IS OF THE ESSENCE The Subcontractor accepts and confirms that, subject to the terms of this Subcontract, the Period for Completion is reasonable for completing the Works and agrees to dedicate sufficient personnel and other resources as are necessary to assure that the Subcontract Works is continuously managed and performed in a diligent, skilled and workmanlike manner to complete the Works within the Period for Completion.
The Subcontractor shall inform [*****] of such proposed steps which shall be incorporated into a programme to demonstrate completion of the Work under the Contract within the Period for Completion or otherwise in accordance with this Sub-Contract.