Unjustified delay definition
Unjustified delay usually means any provision established by the consortium agreement or any special clause of the contract (for example relating to prior provision of a bank guarantee or other financial security). The coordinator will allocate each tranche of the Community financial contribution between the contractors in accordance with the provisions of the contract and any relevant decisions of the consortium (the latter cannot contradict the provisions of the contract).
Examples of Unjustified delay in a sentence
Unjustified delay which is not approved by the project management will result in a 5% deduction of the total fees per month of delay or its fraction, with a maximum of 15% of the total project budget.
Unjustified delay in complying with this obligation may result in liability for damages for aggravation of the damage.
Unjustified delay in payments at their contractual deadlines entitles Agiometrix srl to charge late payment interest (at a rate equal to the three-month Euribor, calculated on the original or extended due date of the credit and increased by a spread of 5 percentage points, but in any case not exceeding the maximum rate provided by law) for late payment, without prejudice to any other right due to Agiometrix srl.