Common use of CONTRACTUAL PENALTIES Clause in Contracts

CONTRACTUAL PENALTIES. If the Contractor fails to comply with sub-clause 8.2 [Time for Completion], the Contractor shall subject to sub-clause 2.5 [Employer's Claims] pay contractual penalties to the Employer for this default. These contractual penalties shall be in the amount stated in the Particular Conditions. However, the total amount due under this sub-clause shall not exceed the maximum amount of contractual penalties stated in the Particular Conditions. These contractual penalties shall be the only damages due from the Contractor for such default, other than in the event of termination under sub-clause 15.2 [Termination by Employer] prior to completion of the Works. These damages shall not relieve the Contractor from its obligation to complete the Works, or from any other duties, obligations or responsibilities which it may have under the Contract.

Appears in 10 contracts

Samples: Contract Agreement, Contract Agreement, Contract Agreement

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