TIME OF COMPLETION AND LIQUIDATED DAMAGES. If an amount is indicated immediately below, liquidated damages shall be applicable to this Project as, and to, the extent shown below. Where an amount is indicated below, liquidated damages shall be assessed in accordance with and pursuant to the terms of The General Conditions of the Design/Bid/Build Agreement Article 46, Time of Completion And Liquidated Damages, in the amounts and as here indicated. The election of liquidated damages shall limit and control the parties right to damages only to the extent noted.
TIME OF COMPLETION AND LIQUIDATED DAMAGES. It is hereby understood and mutually agreed, by and between the parties hereto, that the date of beginning, rate of progress, and the time for completion of the Work to be done hereunder are ESSENTIAL CONDITIONS of this Agreement, and it is understood and agreed that the Work embraced in this Contract shall be commenced at the time specified in the Notice to Proceed (SC-6.26). It is further agreed that time is of the essence of each and every portion of this Contract, and of any portion of the Work described on the Drawings or Specifications, wherein a definite and certain length of time is fixed for the performance of any act whatsoever. The parties further agree that where under the Contract additional time is allowed for the completion of the Work or any identified portion of the Work, the new time limit or limits fixed by such extension of the time for completion shall be of the essence of this Agreement. The Contractor acknowledges that subject to any limitations in the Advertisement for Bids, issued for the Project, the Contractor’s bid is consistent with and considers the number of days to substantially complete the Project and the number of days to finally complete the Project to which the parties may have stipulated in the Agreement, which stipulation was based on the Contractor’s bid. The Contractor agrees that Work shall be prosecuted regularly, diligently and uninterruptedly at such rate of progress as will ensure the Project will be substantially complete, and fully and finally complete, as recognized by the issuance of all required Notices of Substantial Completion and Notices of Final Acceptance, within any times stipulated and specified in the Agreement, as the same may be amended by Change Order or other written modification, and that the Principal Representative will be damaged if the times of completion are delayed. It is expressly understood and agreed, by and between the parties hereto, that the times for the Substantial Completion of the Work or for the final acceptance of the Work as may be stipulated in the Agreement, and as applied here and in Article 7.6 of the Contractor’s Design/Bid/Build Agreement SC-6.21), Modifications of Article 46, are reasonable times for these stages of completion of the Work, taking into such consideration all factors, including the average climatic range and usual industrial conditions prevailing in the locality of the building operations. If the Contractor shall neglect, fail or refuse to complete the ...
TIME OF COMPLETION AND LIQUIDATED DAMAGES. If an amount is indicated immediately below, liquidated damages shall be applicable to this Project as, and to, the extent shown below. Where an amount is indicated below, liquidated damages shall be assessed in accordance with and pursuant to the terms of The General Conditions of the Design/Bid/Build Agreement Article 46, Time of Completion And Liquidated Damages, in the amounts and as here indicated. The election of liquidated damages shall limit and control the parties right to damages only to the extent noted. SC-6.21 Rev. 7/2020 Page 2 of 5
TIME OF COMPLETION AND LIQUIDATED DAMAGES. If an amount is indicated immediately below, liquidated damages shall be applicable to this Project as, and to, the extent shown below. Where an amount is indicated below, liquidated damages shall be assessed in accordance with and pursuant to the terms of Article 46, Time of Completion and Liquidated Damages, in the amounts and as here indicated. The election of liquidated damages shall limit and control the party’s right to damages only to the extent noted. For the inability to use the Project, for each day after the number of calendar days specified in the Design/Build Entity’s proposal for the Project and the Agreement for achievement of Substantial Completion, until the day that the Project has achieved Substantial Completion and the Notice of Substantial Completion is issued, the Design/Build Entity agrees that an amount equal to Dollars ($ ); shall be assessed against Design/Build Entity from amounts due and payable to the Design/Build Entity under the Contract, or the Design/Build Entity and the Design/Build Entity’s Surety shall pay to the Principal Representative such sum for any deficiency, if amounts on account thereof are deducted from remaining amounts due, but amounts remaining are insufficient to cover the entire assessment. For damages related to or arising from additional administrative, technical, supervisory and professional expenses related to and arising from the extended closeout period, for each day in excess of the number of calendar days specified in the Design/Build Entity’s proposal for the Project and the Agreement to finally complete the Project as defined by the issuance of the Notice of Final Acceptance) after the issuance of the final Notice of Substantial Completion, the Design/Build Entity agrees that an amount equal to Dollars ($ ); shall be assessed against Design/Build Entity from amounts due and payable to the Design/Build Entity under the Contract, or the Design/Build Entity and the Design/Build Entity’s Surety shall pay to the Principal Representative such sum for any deficiency, if amounts on account thereof are deducted from remaining amounts due but amounts remaining are insufficient to cover the entire assessment.
TIME OF COMPLETION AND LIQUIDATED DAMAGES. The Notice of Award is anticipated to be issued on March 25, 2024. The Notice to Proceed is anticipated to be issued within ten (10) days after the Notice of Award. The contractor shall be fully complete all work under this contract within 120 calendar days from Notice to Proceed. The rate of progress and the time of completion being essential conditions of this contract. The Contractor agrees and acknowledges that time is of the essence of this Agreement and that delay in the prosecution of the Work and the Project will inconvenience the public and increase administrative costs of the City, the costs of which the Contractor and the City are incapable of ascertaining at this time. Should the Contractor, or in the case of Contractor’s default, the surety, fail to complete the Work within the time stipulated in this Agreement, or within such extension of time as may be allowed by the City in the manner set forth in the Contract Documents, the Contractor (or surety, as applicable) shall pay to the City as liquidated damages, and not as a penalty, the sum of two hundred and fifty dollars ($250.00) for each calendar day that the Work remains uncompleted after the time allowed for the completion, including approved extensions. In the sole discretion of the City, the amount of the liquidated damages may be deducted from any money due the Contractor under this Agreement. Permitting the Contractor to finish the Work or any part thereof after the expiration of the time for completion or any approved extension, shall in no way operate as a waiver of the City of any of rights under this Agreement.
TIME OF COMPLETION AND LIQUIDATED DAMAGES. The Contractor shall begin work within 15 calendar days after the contract has been approved by the attorney appointed and authorized to represent the City/County of Orange . This work shall be diligently prosecuted to completion before the expiration of WORKING DAYS beginning on the fifteenth calendar day after approval of the contract. (Insert amount of Liquidated Damages) The Contractor shall pay to the City/County of Orange the sum of $ 2,050 per day, for each and every calendar day's delay in finishing the work in excess of the number of working days prescribed above.
TIME OF COMPLETION AND LIQUIDATED DAMAGES. The work shall be completed within 180 days from the date of starting after mobilization period. In the event that the contractor fails to successfully complete and test the works within time as provided in this contract, liquidated damages to the extent of 0.5 % of the price as mentioned in this contract for the delay of every week or part thereof shall be paid by the contractor to the owner, but limited to a maximum total of 5 % of value of delayed work price only. This payment shall be adjusted from payment due to the contractor under this contract. Time is the essence of this contract in this respect. In case, if the Contractor has to pay liquidated damages, the payment or deduction of such damages shall not relieve the contractor from his any obligation to complete the work or from any other obligation or liability. The contractor shall replace/rectify all damaged portion at his cost as per the instructions of the Owner and the consultant.
TIME OF COMPLETION AND LIQUIDATED DAMAGES. Attention is directed to the provisions in Section 8-1.03, “Beginning of Work,” in Section 8-1.06, “Time of Completion,” and in Section 8-1.07, “Liquidated Damages,” of the Standard Specifications and these special provisions. The Contractor shall begin work within 10 working days after receiving a Notice to Proceed. This Notice to Proceed will be given after the contract has been approved by the Imperial County Board of Supervisors. The work shall be diligently prosecuted to completion before the expiration of: Total 70 working days The contractor shall pay to the County of Imperial the sum of $ 4,200.00 per day for each and every working day’s delay in finishing the work in excess of number of working days prescribed above.
TIME OF COMPLETION AND LIQUIDATED DAMAGES. The Contractor shall commence work on a date to be specified by the City in a “Notice to Proceed” and to fully complete all work under this contract on or before the completion date given. The Contractor is to complete the work within all prescribed dates listed. Liquidated damages of five hundred dollars ($500) per day may be assessed to the Contractor by the City for each day the contract is extended beyond the completion date. Liquidated damages are not to be construed as a penalty in any sense.
TIME OF COMPLETION AND LIQUIDATED DAMAGES. The bidder must agree to commence work on or before a date to be specified in a written "Notice to Proceed" from the Owner, and to complete all of the work and achieve Final Acceptance on or before a completion date to be specified in the written “Notice to Proceed.” The bidder agrees to pay actual damages related to the cost of completion as set forth in Section 8.58 and as elsewhere assessable herein, and liquidated damages, intended to compensate the City for injury resulting from the delay. The bidder agrees to pay as liquidated damages the sum indicated in the following “Schedule of Liquidated Damages” and as provided in Section 8.62 of the General Conditions, for each calendar day that the Contract remains incomplete. Note that these damages apply for special scheduled completion dates for miscellaneous elements as defined in the special provisions. For the purposes of determining the calendar day rate of Liquidated Damages for the Project, the Original contract amount shall be that which is included in the Agreement between the Owner and the Contractor for the Project.
