Late Commissioning Date Sample Clauses

The Late Commissioning Date clause defines the consequences and procedures that apply if a project or equipment is not commissioned by an agreed-upon deadline. Typically, this clause sets out the specific date by which commissioning must occur and outlines remedies such as liquidated damages, extensions, or other penalties if the deadline is missed. For example, if a power plant is not operational by the specified date, the contractor may be required to pay a daily penalty until commissioning is achieved. The core function of this clause is to incentivize timely completion and provide a clear framework for addressing delays, thereby allocating risk and ensuring accountability between the parties.