Operator Delay Pay Sample Clauses
The Operator Delay Pay clause establishes the obligation for the operator to compensate other parties for delays caused by the operator’s actions or inactions. In practice, this clause typically specifies the circumstances under which delay payments are triggered, such as when the operator fails to meet agreed project timelines, and outlines the calculation method for such payments, often as a daily rate. Its core function is to incentivize timely performance by the operator and to provide financial recourse to affected parties, thereby allocating the risk of project delays and promoting accountability.
Operator Delay Pay. It is agreed that a reasonable degree of tolerance must be observed in the actual time of return of buses to the garage. ▇▇▇▇▇ claims will only be recognized in instances where the delay is 10 minutes or greater.
Operator Delay Pay. It is agreed that delay pay will be the actual time of return of buses to the garage at the applicable rate of pay.