Work loss definition
Examples of Work loss in a sentence
Notwithstanding anything to the contrary in the Contract Documents, an Extension to the Contract Time, to the extent permitted under this Section, shall be the sole and exclusive remedy of the Contractor for any delay in the commencement, prosecution or completion of the Work; hindrance, interference, or obstruction in the Contractor’s performance of the Work; loss of productivity; or other similar claims, whether or not such delays are foreseeable.
Damages which the District would suffer in the event of such delay include, but are not limited to, loss of the use of the Work, loss of use of the other contractor’s work, loss of use of the Project, disruption of activities, costs of administration and supervision, third party claims, the incalculable inconvenience and loss suffered by the public, and an District’s inability to recover its delay damages from the contractors whose work was delayed by Contractor.
Work loss shall not exceed $900 per month for a period of no more than one year after the date the injured person first becomes unable to engage in available and appropriate gainful activity.
Damages which the Owner would suffer in the event of such delay include, but are not limited to, loss of the use of the Work, loss of use of the other contractor’s work, loss of use of the Project, disruption of activities, costs of administration and supervision, third party claims, the incalculable inconvenience and loss suffered by the public, and an Owner’s inability to recover its delay damages from the contractors whose work was delayed by Contractor.
Work loss shall be limited to 85% of any such work loss unless such amount payable is deemed includable in gross income for federal income tax purposes.