Common use of Delay in Substantial Completion Clause in Contracts

Delay in Substantial Completion. If Substantial Completion for the Facility occurs after the Guaranteed Substantial Completion Date, Contractor shall pay to Owner delay liquidated damages (the “Substantial Completion Delay Liquidated Damages”) in the amounts for each full Day of delay until Substantial Completion occurs: ***.

Appears in 2 contracts

Sources: Lump Sum Turnkey Agreement (Mirant Corp), Lump Sum Turnkey Agreement (Mirant Corp)