Common use of AN ESSENTIAL ELEMENT OF THE CONTRACT Clause in Contracts

AN ESSENTIAL ELEMENT OF THE CONTRACT. Contractor’s failure to substantially complete the Work within the Contract Time or to achieve Substantial Completion as required will cause damage to Owner. These damages shall may be liquidated by agreement of Contractor and Owner, in the amount per day as set forth in the Contract Documents.

Appears in 21 contracts

Samples: Agreement, Draft Agreement, Agreement

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AN ESSENTIAL ELEMENT OF THE CONTRACT. Contractor’s failure to substantially complete the Work within the Contract Time or to achieve Substantial Completion as required will cause damage to Owner. These damages shall may be liquidated by agreement of Contractor and Owner, in the amount per day as set forth in the Contract Documents.

Appears in 6 contracts

Samples: Agreement, Agreement Between Owner And, Standard Agreement

AN ESSENTIAL ELEMENT OF THE CONTRACT. Contractor’s failure to substantially complete the Work within the Contract Time or to achieve Substantial Completion as required will cause damage to Owner. These damages shall may be liquidated by agreement of Contractor and Owner, in the amount per day as set forth in Section 12.13 below or elsewhere in the Contract Documents.

Appears in 2 contracts

Samples: Construction Manager at Risk Agreement, Professional Services Agreement

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AN ESSENTIAL ELEMENT OF THE CONTRACT. Contractor’s failure to substantially complete the Work within the Contract Time or to achieve Substantial Completion as required will cause damage to Owner. These damages shall may be liquidated by agreement of Contractor and Owner, in the amount per day as set forth in the Contract Documents.

Appears in 2 contracts

Samples: Standard Agreement Between Owner and Contractor, s3.glo.texas.gov

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