Agreement for Completion Sample Clauses

The Agreement for Completion clause sets out the obligations and expectations for the parties to finish a project or fulfill contractual duties by a specified deadline. Typically, it details the required standards for completion, any necessary documentation or approvals, and the consequences of failing to meet the agreed timeline, such as penalties or extensions. This clause ensures that both parties are aligned on what constitutes completion and helps prevent disputes by clearly defining when and how contractual obligations are considered fulfilled.
Agreement for Completion. Notwithstanding the generality of Paragraph 14.2, if this Agreement is terminated by the Company for breach of any provision by the Contractor, the Company may, at its option upon notice to the Contractor, hire such personnel and equipment and make such other expenditures as may be required to perform this Agreement and complete the Work and may: (a) recover from the Contractor by deduction or set- off from any monies due to the Contractor the amount by which the cost to perform this Agreement and complete the Work exceeds the amount that the Company would have otherwise paid under this Agreement to the Contractor to do so, provided, and to the extent, the excess amount was reasonably incurred; and (b) if the amount of such set-off monies is not sufficient at any time to pay the amount referred to in subparagraph (a), the Contractor shall forthwith, upon demand, pay the amount of any such deficiency to the Company, provided that, where this Agreement is partially terminated by the Company, this provision will apply only to the portion of the Work so terminated by the Company and this Agreement will otherwise remain in full force and effect as to the balance of Work to be performed by the Contractor hereunder.
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Related to Agreement for Completion

  • Time for Completion The Contractor shall deliver the material and/or services called for in the specifications/proposal and within the delivery time specified and in accordance with the terms of the contract. Work shall be completed within 30 days from the Notice to Proceed issued by the City of Sparks Purchasing Division. The Contractor shall not alter or vary any terms or conditions contained or incorporated herein, including but not limited to, the quantity, price, delivery date or date designated as After Receipt of Order (ARO) or date for commencement or completion of services as mutually agreed upon, unless such alteration or variation is consented to in writing by a duly authorized representative of the City. The City reserves the right to cancel resultant Contract upon ten days written notice in the event the type and quality of the product or work performance is unsatisfactory or in default, subject to Contractor’s right to cure as outlined in termination clause. This is a non-exclusive Contract and the City reserves the right to acquire the material and/or services at its discretion, from other sources during the term of this Contract.

  • Payment for Material Completion The Contractor may request payment of the remaining contract balance, including retainage, less amounts credited the Owner or incurred as liquidated damages, and less amounts withheld for the Punchlist by reason of Minor Items or Permitted Incomplete Work (See Paragraph 6.5.3.2). Payment for Material Completion shall be made by a check payable jointly to the Contractor and Surety and shall be mailed to the Surety.

  • Commencement and Completion of Work The professional services to be performed pursuant to this Agreement shall commence within five (5) days from the Effective Date of this Agreement. Failure to commence work in a timely manner and/or diligently pursue work to completion may be grounds for termination of this Agreement.

  • PROGRESS AND COMPLETION 8.2.1 All time limits stated in the Contract Documents are material terms and time is the essence of the Contract. A failure by Contractor to do what is required by the time specified in the Contract Documents is a breach of the contract. 8.2.2 The Contractor shall begin the Work on the date of commencement as defined in 8.2.3 If in the sole opinion of the State, the Contractor fails to commence work on the project or to complete the work of said project within the time specified above, or to prosecute the work in such a manner that it appears that the completion date can be assured, the State shall have the right to notify the Contractor by Certified Mail that the terms of the Contract have been violated, and that effective immediately the Contract is terminated and the State has the right to and in fact is taking over and attending to completion of the project without prejudice to the State's remedies for any losses sustained

  • COMPLETION OF AGREEMENT This document comprises the entire agreement between the District and the Association in the matters lawfully within the scope of negotiation. Neither party shall have any obligation to meet and negotiate during the term of this agreement.