Common use of Commencement and Completion of Work Clause in Contracts

Commencement and Completion of Work. Upon the Effective Date of the Contract, bidder agrees to commence all Preconstruction Activities. Upon issuance of a Proceed Order, bidder agrees to commence physical activities on the Site with adequate forces and equipment and to complete to Material Completion all work in DESIGN PROFESSIONAL insert the number of days for completion of the Project consecutive calendar days (remove consecutive calendar days if it is a date certain) beginning the day after the date of the Proceed Order. Bid Bond. Enclosed herewith is a Bid Bond (NO OTHER FORM ACCEPTABLE) in the amount of _________________________________________ Dollars ($ _____________________ ) (being not less than five percent of the Bid). Bidder agrees that the above stated amount is the proper measure of liquidated damages that the Owner will sustain by bidder’s failure to execute the Contract or to furnish the Performance and Payment Bonds should bidder’s bid be accepted.

Commencement and Completion of Work. Upon the Effective Date of the Contract, bidder agrees to commence all Preconstruction Activities. Upon issuance of a Proceed Order, bidder agrees to commence physical activities on the Site with adequate forces and equipment and to complete to Material Completion all work in DESIGN PROFESSIONAL insert the number of days for completion of the Project consecutive calendar days (remove consecutive calendar days if it is a date certain) beginning the day after the date of the Proceed Order. Bid Bond. Enclosed herewith is a Bid Bond (NO OTHER FORM ACCEPTABLE) in the amount of _________________________________________ Dollars ($ _____________________ ) (being not less than five percent of the Bid). Bidder Xxxxxx agrees that the above stated amount is the proper measure of liquidated damages that the Owner will sustain by bidderxxxxxx’s failure to execute the Contract or to furnish the Performance and Payment Bonds should bidder’s bid be accepted.

Commencement and Completion of Work. Upon the Effective Date of the Contract, bidder agrees to commence all Preconstruction Activities. Upon issuance of a Proceed Order, bidder agrees to commence physical activities on the Site with adequate forces and equipment and to complete to Material Completion all work in DESIGN DESIGN PROFESSIONAL insert the number of days for completion of the Project consecutive calendar days (remove consecutive calendar days if it is a date certain) beginning the day after the date of the Proceed Order. Bid Bond. Enclosed herewith is a Bid Bond (NO OTHER FORM ACCEPTABLE) in the amount of _________________________________________ Dollars ($ _____________________ ) (being not less than five percent of the Bid). Bidder agrees that the above stated amount is the proper measure of liquidated damages that the Owner will sustain by bidder’s failure to execute the Contract or to furnish the Performance and Payment Bonds should bidder’s bid be accepted.