Contract Substantial Completion Date definition
Examples of Contract Substantial Completion Date in a sentence
Owner may grant time extensions only if a Change Proposal affects the activities on the Longest Path of an Owner approved Work Progress Schedule; i.e., when the Work impacts the "Contract Substantial Completion Date".
The Commission reserves the right to request a proposal from the Design-Builder to accelerate or compress the schedule in lieu of granting a Time Extension request in order to maintain the Contract Substantial Completion Date or original project duration (Acceleration Proposal).
Design-Builder shall pay Owner two hundred fifty Dollars ($250) as liquidated damages for each day that Substantial Completion extends beyond the Contract Substantial Completion Date.
Surety is granted a time extension from the original Contract Substantial Completion Date (May 25, 2020) through June 23, 2020.
Owner may grant time extensions only if a Change Proposal affects the activities on the Longest Path of an Owner approved Project Schedule; i.e., when the Work impacts the "Contract Substantial Completion Date".
The parties agree that the Owner will be substantially damaged in amounts that will be difficult or impossible to determine if Substantial Completion or Final Acceptance is not achieved by the Contractor on or before the Contract Substantial Completion Date and/or Contract Final Acceptance Date set forth herein.
The parties therefore agree that if Substantial Completion does not occur by the Contract Substantial Completion Date for any reason not the fault of the Owner or otherwise constituting an excusable delay, the Owner shall be entitled to liquidated damages in the amount of $1000 per calendar day for each day the Substantial Completion of the project, or any phase thereof, is delayed beyond the Contract Substantial Completion Date in lieu of actual damages for such delays.