Common use of Liquidated Damages for Substantial Completion Clause in Contracts

Liquidated Damages for Substantial Completion. 5.1.01 The Construction Manager shall pay the Owner the sum of: 5.1.02 dollars $ per day for each and every calendar day of unexcused delay in achieving Substantial Completion beyond the date set forth in the contract documents for Substantial Completion of each phase, if phased, or the project, if not phased.

Appears in 3 contracts

Sources: Construction Manager Agreement, Construction Manager Agreement, Construction Manager Agreement