Guaranteed Completion Dates Clause Samples
The Guaranteed Completion Date(s) clause establishes a firm deadline by which a contractor or service provider must finish the agreed-upon work. In practice, this clause specifies the exact date or dates that mark the completion of key project milestones or the entire project, and may outline consequences for failing to meet these deadlines, such as penalties or liquidated damages. Its core function is to ensure timely project delivery and provide certainty for all parties, thereby reducing the risk of delays and associated costs.
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Guaranteed Completion Dates. Stages 1, 2 and 3 must be fully operational on or before the dates specified for each milestone as set forth in the Approved Project Implementation Schedule, as modified pursuant to Section 14 and in accordance with the provisions of this Agreement.
Guaranteed Completion Dates. Provided the Notice to Proceed is executed and received by Contractor on or before September 1, 2006 (but no earlier than the date that is sixty (60) days after the Limited Notice to Proceed is executed and received by Contractor), Contractor guarantees that (i) Provisional Acceptance will be achieved on or before the Guaranteed Provisional Acceptance Date, and (ii) Substantial Completion will be achieved on or before the Guaranteed Substantial Completion Date, (iii) Project Completion will be achieved on or before the Guaranteed Project Completion Date. In the event Notice to Proceed is received after September 1, 2006, but on or before November 1, 2006, the Guaranteed Completion Date and Contract Price shall be equitably adjusted in accordance with Section 12. In the event that Notice to Proceed is not issued on or before November 1, 2006, then Contractor may terminate this Agreement and Client shall pay Contractor such amount as is provided by the terms of Section 4.4.
Guaranteed Completion Dates. The dates by which Design-Builder guarantees to achieve Substantial Completion and Final Completion, pursuant to Section 7.2.
Guaranteed Completion Dates. The computation of any adjustments to the Guaranteed Completion Date(s) as the result of any Change Order, or of any Design-Builder request for equitable adjustment under Section 8.6, or any other event or reason, shall be as set forth in Article 10.
Guaranteed Completion Dates. Contractor guarantees that (i) at least one of Provisional Acceptance, Interim Acceptance or Final Acceptance of the Facility shall be achieved on or before the Guaranteed Provisional Acceptance Date; and (ii) Final Acceptance of the Facility shall be achieved on or before the Guaranteed Final Acceptance Date.
Guaranteed Completion Dates. Within fifteen (15) days after the Effective Date, the MEP Participants shall notify the Turnkey Contractor to proceed with the Basic Engineering Phase. The Turnkey Contractor guarantees that the Basic Engineering Phase as described in Appendix A and other relevant Appendices will be completed within six (6) months from the Commencement Date for the Basic Engineering Phase. The MEP Participants will have a period of thirty-five (35) days beyond completion of the Basic Engineering Phase (including any cure period for such Phase as may be required by the Turnkey Contractor to complete the Phase, as provided in Section 8.2), within which to notify the Turnkey Contractor to proceed with the Detailed Engineering Phase. The Turnkey Contractor guarantees that the Detailed Engineering Phase, as described in Appendix A and other relevant Appendices, will be completed within twelve (12) months from the Commencement Date for the Detailed Engineering Phase. In addition, the Turnkey Contractor shall use Best Endeavours to (i) deliver the Class A Package(s) for pipeline, pump stations and Ceyhan Terminal as described in Appendix A and other relevant Appendices within six (6) months after the Commencement Date for the Detailed Engineering Phase, (ii) secure approval by the Governmental Authorities of the Environmental Impact Assessment as described in Appendix A and other relevant Appendices within nine (9) months after the Commencement Date for the Detailed Engineering Phase, (iii) complete the evaluation of all bids received from potential Subcontractors, including in particular, any back-to-back main Subcontractor and/or those for pipe, pumps and pump drivers, and provide to the MEP Participants a report (the “Bid Acceptance Report”) stating which Subcontracts the Turnkey Contractor intends to accept, directly or indirectly, and providing relevant information concerning the accepted bids for all Subcontracts included in the Bid Acceptance Report sufficient for the MEP Participants to respond timely and in accordance with Section 3.1.4.1 in respect of those items within ten (10) months after the Commencement Date for the Detailed Engineering Phase, and (iv) coordinate the securing of provisional rights to the Permanent Land for the benefit of the MEP Participants by entry into the relevant land registers in accordance with the Applicable Laws and the Host Government Agreement, as described in Appendix A and other relevant Appendices, within eleven (11) months after the...
Guaranteed Completion Dates. Contractor shall cause each Stage to achieve Substantial Completion on or before the dates indicated below.
(a) Provided that (i) Owner has maintained EDSA/SWSA Funding until it issues the Bridging LNTP; (ii) Owner has issued the Bridging LNTP and the Non-Bridging LNTP on or before [***] and funds the Limited Notices to Proceed in accordance with the schedules set forth therein until the Full Notice to Proceed is issued; (iii) the Non-Bridging LNTP is issued at least [***] Days before the Full Notice to Proceed is issued; and (iv) the Full Notice to Proceed is issued on or before October 15, 2020, then Contractor shall cause Substantial Completion of Stage I to be achieved on or before the date that is [***] Days after the FNTP Date (the “Guaranteed Stage I Substantial Completion Date”); provided, further, that if the Full Notice to Proceed is issued after July 15, 2020 but on or before October 15, 2020, the Contract Price will be adjusted in accordance with Section 4.1.4(a).
(i) If (A) Owner has maintained EDSA/SWSA Funding until it issues the Bridging LNTP; (B) Owner issues the Bridging LNTP on or before [***] and funds the Bridging LNTP in accordance with the schedule set forth therein, or maintains EDSA/SWSA Funding in lieu of issuing the Bridging LNTP, until the Full Notice to Proceed is issued; (C) the Non-Bridging LNTP is never issued; and (D) the Full Notice to Proceed is issued no earlier than [***] but on or before October 15, 2020, the Guaranteed Stage I Substantial Completion Date shall be [***] Days after the FNTP Date; provided, that if the Full Notice to Proceed is issued after July 15, 2020 but on or before October 15, 2020, the Contract Price will be adjusted in accordance with Section 4.1.4(a); provided, further, that if Owner issues the Full Notice to Proceed earlier than June 15, 2020, the Guaranteed Stage I Substantial Completion Date shall be adjusted as agreed by the Parties.
(ii) If (A) Owner has maintained EDSA/SWSA Funding until it issues the Bridging LNTP; (B) Owner issues the Bridging LNTP on or before [***] and funds the Bridging LNTP in accordance with the schedule set forth therein, or maintained EDSA/SWSA Funding in lieu of issuing the Bridging LNTP until the Bridging LNTP is issued; (C) Owner issues the Non-Bridging LNTP at least [***] Days before the Full Notice to Proceed is issued and funds the Non-Bridging LNTP in accordance with the schedule set forth therein until the Full Notice to Proceed is issued; and (D) the Full...
Guaranteed Completion Dates. 71 7.2 Guaranteed Completion Date Price Rebates.......................................... 71 7.3