Daily Amount. 7.2.1. Contractor shall pay to SMUD, as liquidated damages and not as a penalty, the sum of Eight Thousand Five Hundred and 00/100 Dollars ($8,500.00) for each day of Unexcused Delay in achieving Substantial Completion within the Contract Time (and any extensions of the Contract Time approved in accordance with the Contract Documents).
Appears in 2 contracts
Sources: Base Agreement, Base Agreement – Project – Bid Based (Construction)
Daily Amount. 7.2.1. Contractor shall pay to SMUD, as liquidated damages and not as a penalty, the sum of Eight Thousand Five Hundred {[Amounts in Words] and 00/100 Dollars XX/100 Dollars} ({$8,500.00) Amount in Numbers]} for each day of Unexcused Delay in achieving Substantial Completion within the Contract Time (and any extensions of the Contract Time approved in accordance with the Contract Documents).
Appears in 1 contract
Sources: Base Agreement