Common use of Financial Consequences Clause in Contracts

Financial Consequences. 1.23.1 Financial Consequences for Nonperformance Financial consequences shall apply for nonperformance of the contract by a Contractor. The State shall apply financial consequences identified in this solicitation in Purchase Order or Contract issued by Customers. In addition: In the event that a deliverable is deemed unsatisfactory by the Customer, the Contractor shall re-perform the deliverable as needed for submittal of a satisfactory deliverable, at no additional cost to the Customer, within the timeframe established by the Customer. Continued Contractor inability to perform under the conditions of the contract, via the established Complaint to Vendor process, per Rule 60A-1.006 Florida Administrative Code (PUR 7017 form), may result in default proceedings. Failure to respond to a Customer request to correct a deficiency in the performance of the Contract may result in termination of the Contract.

Financial Consequences. 1.23.1 Financial Consequences for Nonperformance Non-performance Financial consequences shall apply for nonperformance non-performance of the contract by a Contractor. The State shall apply financial consequences identified in this solicitation in below to Purchase Order Orders or Contract Contracts issued by Customers. In addition: In the event that a deliverable is deemed unsatisfactory by the Customer, the Contractor shall re-perform the deliverable as needed for submittal of a satisfactory deliverable, at no additional cost to the Customer, within the timeframe established by the Customer. Continued Contractor inability to perform under the conditions of the contract, via the established Complaint to Vendor process, per Rule 60A-1.006 Florida Administrative Code (PUR 7017 form), may result in default proceedings. Failure to respond to a Customer request to correct a deficiency in the performance of the Contract may result in termination of the Contract.