Common use of Compensable Delay Formula Clause in Contracts

Compensable Delay Formula. To the extent of the compensable delay, the Contractor's total entitlement for all compensable delay damages is the computed result of the following formula: Contract Sum divided by Contract Time (in calendar days); the result of which is then multiplied by 0.05; and the result of which is multiplied by the number of calendar days of compensable days allowed under these General Conditions that are beyond the Contract Time. Notwithstanding any other

Appears in 1 contract

Sources: Contractor's Agreement

Compensable Delay Formula. To the extent of the If there is a compensable delay, the Contractor's ’s total entitlement for all the compensable delay damages is the computed result of the following formula: Original Contract Sum Amount divided by the Original Contract Time (in calendar days); the result of which is then multiplied by 0.05; 0.05 and the result of which is multiplied by the number of calendar days of compensable days allowed under these General Conditions that are beyond the Contract Time. Notwithstanding any otherother provisions of these General Condition or the Contract Documents, Contractor shall not be entitled to the markup set forth in Section 18.0 in addition to compensable delay damages.

Appears in 1 contract

Sources: Fixed Price Construction Contract