Failure to Achieve Material Completion Clause Samples

The 'Failure to Achieve Material Completion' clause defines the consequences and procedures that apply when a contractor does not finish the essential parts of a project by the agreed-upon deadline. Typically, this clause outlines the criteria for material completion, the process for notifying the contractor of the failure, and any penalties or remedies available to the project owner, such as liquidated damages or the right to engage another party to complete the work. Its core function is to protect the owner's interests by providing clear recourse if the contractor fails to deliver the project on time and to incentivize timely completion.
Failure to Achieve Material Completion. Should Material Completion not be achieved by the Material Completion and Occupancy Date, as amended, the following matters are conclusively determined:
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Related to Failure to Achieve Material Completion

  • 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.

  • Substantial Completion 9.8.1 When the Contractor considers that the Work, or a designated portion thereof which has been accepted in writing to by the State, is substantially complete as defined in Subparagraph

  • Failure to Meet Timelines Failure by the Union to comply with the timelines will result in the automatic withdrawal of the grievance. Failure by the Employer to comply with the timelines will entitle the Union to move the grievance to the next step of the procedure.

  • Substantial Completion Date Substantial Completion of the Work as defined in Article 6.1.2 of the General Conditions to the Continuing Contract for Construction Management shall be achieved by July 31, 2022.

  • Milestone Schedule Please state the status and progress of each Milestone and identify any completed Milestone(s) for the previous calendar quarter.