Examples of Schedule Liquidated Damages in a sentence
If DESIGN-BUILDER fails to achieve Substantial Completion set forth in the Project Schedule, Liquidated Damages shall entitle the CITY to deduct from the GMP "Liquidated Damages" per calendar day of delay.
Contractor shall pay any Schedule Liquidated Damages pursuant to this Article within seven (7) Days after receipt of demand therefor.
Contractor shall bid water relocation work in accordance with all Delaware Department of Transportation project bidding procedures including but not limited to: Examination of Contract Site, Interpretation and Addenda, Contract Time and Schedule, Liquidated Damages, Bid Forms, Submission Procedures, Opening of Bids, Awarding of Contract, Insurance Requirements, Payments to Contractor(s) and Modifications or Withdrawal of Bids.
Schedule Liquidated Damages Contractor shall have TBD% of Fee at risk as Schedule Liquidated Damages for late achievement of the Guaranteed Substantial Completion Date at the rate of $[TBD] per day.
Nothing contained in this ARTICLE 5 shall relieve Contractor of its obligation to pay Schedule Liquidated Damages, in accordance with ARTICLE 11, in the event (i) Commercial Delivery of Power is not achieved by the Guaranteed Commercial Delivery of Power Date or (ii) that Final Acceptance is not achieved by the Guaranteed Final Acceptance Date.
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Following any such remedial action, Contractor shall deliver to Owner a new notice of Mechanical and Electrical Completion and the provisions of this Section 10.3, shall apply with respect to such new Mechanical and Electrical Completion notice in the same manner as they applied to the original Mechanical and Electrical Completion notice so long as, if the Guaranteed Final Acceptance Date shall have passed, Contractor is paying Schedule Liquidated Damages when due in accordance with ARTICLE 11.
All program costs, except contract support, are included in the hourly rate for each program by allocating them uniformly by the total number of direct FTEs for the program.
No Schedule Liquidated Damages if otherwise applicable, shall be imposed upon GEC during any period in which Owner is reviewing, or GEC is responding to any objections asserted by Owner with respect to, Final Completion Certificates submitted by GEC.
The meetings will be held at the project site or in the Town offices as determined by the Town.2. Progress Schedule Liquidated Damages Failure to complete the work within the contract time will result in damages due to public inconvenience, obstruction and delay to traffic, safety and other considerations.