Common use of Deductions from Monies Due Clause in Contracts

Deductions from Monies Due. Without limiting the Owner’s rights to withhold payment as set forth elsewhere in this CM/GC Contract, the Owner may deduct from monies due or to become due to the CM/GC for: (a) amounts representing price adjustments authorized under the commodity escalation/de-escalation provisions; (b) amounts representing recoupment of damages, including but not limited to liquidated damages; (c) amounts assessed by Authorities (e.g., fines and penalties) for which the CM/GC is responsible under the terms of the Contract or by Law; (d) amounts the Owner is compelled by court order or other legal mandate to withhold and/or tender to Authorities or third parties;