Examples of Substantial Completion Date in a sentence
If Substantial Completion is attained before the Scheduled Substantial Completion Date (the “Bonus Date”), Owner shall pay XXXX at the time of Final Payment under Section 7.3 herein an early completion bonus of Dollars ($ _) for each day that Substantial Completion is attained earlier than the Bonus Date.
XXXX understands that if Substantial Completion is not attained by the Scheduled Substantial Completion Date, or by any established Scheduled Interim Milestone Dates, Owner will suffer damages which are difficult to determine and accurately specify.
The CM agrees that if Substantial Completion is not attained by the Scheduled Substantial Completion Date, the CM shall pay to the Owner $ as liquidated damages, and not as a penalty, for each calendar day that Substantial Completion extends beyond the Scheduled Substantial Completion Date.
The review and approval of the Owner of any changes to the schedule does not constitute an approval of any change to the Contract Time or Substantial Completion Date.
The CM understands that if Substantial Completion is not attained by the Scheduled Substantial Completion Date, Owner will suffer damages which are difficult to determine and accurately specify.