Common use of LIQUIDATED DAMAGES – CONSTRUCTION Clause in Contracts

LIQUIDATED DAMAGES – CONSTRUCTION. (a) If the Contractor fails to complete the work within the time specified in the contract, the Contractor shall pay liquidated damages to CH2MHILL in the amount of $1,000.00 per day for each calendar day of delay until the work is completed or accepted.

Appears in 2 contracts

Sources: Subcontract Agreement, Subcontract (American Defense Systems Inc)