Common use of Calculation of Liquidated Damages Clause in Contracts

Calculation of Liquidated Damages. For each month the Contractor’s performance falls below the SLA, the Contractor shall provide the State a credit in the amount of $4,909.93 (note: Table 8.3.1-Calculations of Liquidated Damages, total of table’s “Cost per Day”) per business day that did not meet the SLA. The total Liquidated Damages shall not exceed ten percent (10%) of the sum of the Base Contract Term. The Liquidated Damages is equivalent to one day of State effort as defined in the following table.

Appears in 2 contracts

Sources: Standard Agreement Amendment, Standard Agreement