Diminution in Value of Works Sample Clauses

Diminution in Value of Works. If any Defect which the Contractor would otherwise have been liable to rectify at his own cost is such that in the opinion of the Superintending Officer it will be impracticable or inconvenient to rectify, the Superintending Officer shall ascertain the diminution in the value of the Works to the Employer due to such Defects and the amount of the diminution shall be recoverable by the Employer.
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Diminution in Value of Works. (a) If the Defects which the Contractor would otherwise have been liable to rectify at his own cost is such that in the opinion of the Superintending Officer it will be impracticable or inconvenient to the Employer to have the Contractor to rectify, the Superintending Officer shall ascertain an amount of reduction from the Contract Sum representing the diminution in the value of the Works to the Employer due to the existence of such Defects. In determining the diminution in the value of the Works, the Superintending Officer may take into account any savings in cost to the Contractor which he would otherwise incur if he was to rectify the Defects.
Sample 1
Diminution in Value of Works. If any defect, imperfection, shrinkage or any other fault whatsoever is such that, in the opinion of the S.O., it shall be impracticable or inconvenient to the Government to have the Contractor to remedy the same, the S.O. shall ascertain the diminution in the value of the Works due to the existence of such defects, imperfections, shrinkages or any other fault whatsoever. The amount of such diminution shall be recoverable by the Government from the Contractor as a debt due under the Contract and failing which such diminution shall be recovered from the Performance Bond.
Sample 1
Diminution in Value of Works. (a) If the Defects which the Contractor would otherwise have been liable to rectify at his own cost or any minor outstanding works is such that in the opinion of the Superintending Officer it will be impracticable or inconvenient to the Employer to have the Contractor to rectify or to execute the same, the Superintending Officer shall ascertain an amount of reduction from the Contract Sum representing the diminution in the value of the Works to the Employer due to the existence of such Defects or minor outstanding works. In determining the diminution in the value of the Works, the Superintending Officer may take into account any savings in cost to the Contractor which he would otherwise incur if he was to rectify the Defects or complete the minor outstanding works.
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