Late Completion of the Works Clause Samples

The 'Late Completion of the Works' clause defines the consequences and procedures that apply if a contractor fails to finish a project by the agreed completion date. Typically, this clause outlines the assessment of liquidated damages or penalties for each day the work remains incomplete beyond the deadline, and may specify notification requirements or steps for rectification. Its core function is to incentivize timely performance and compensate the client for delays, thereby managing the risk of project overruns and ensuring accountability.
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Late Completion of the Works. Should the Contractor fail to complete the works within the time agreed to with the Employers Agent, the penalty will be 0.05% of the value of the Work assignment per day.
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Late Completion of the Works. Where practical completion of one or more stages (of a school facility) does not occur by the date for practical completion, the Project Company must pay the State liquidated damages at the rates specified in the Project Deed. If practical completion of a stage (of a school facility) does not occur until after the start of the school academic year, (in addition to being liable to pay liquidated damages if the date for practical completion is missed), the State may direct that the stage availability date for the stage will not occur until the next school term (and as such the State shall not be required to pay the monthly service payment until the next school term).
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Related to Late Completion of the Works

  • Completion of the Work The Contractor must obtain Material Completion as defined in Section 6.1.2 below prior to any occupancy of the Project.

  • Completion of the Project The Participating County acknowledges it is obligated to undertake and complete the design and construction of the Project in compliance with all of the applicable terms and conditions of the Project Documents and the Participating County agrees to use its best efforts to cause the completion of design and construction of the Project in compliance with the applicable terms and conditions of such documents. The Participating County agrees to complete the Project in accordance with this Agreement and consistent with the scope, cost and schedule established by the Board and attached hereto in Exhibit A, as such scope, cost and schedule may be modified with the approval of Finance and the recognition of the Board.

  • Upon completion of the Project the Recipient shall make a full and complete accounting to the OPWC of the Eligible Project Cost.

  • COMMENCEMENT AND COMPLETION OF THE PROJECT Section 3.01 The Project 8 Section 3.02 Diligent Completion 8 Section 3.03 Filings and Reports 8

  • Construction of the Project The Allottee has seen the proposed layout plan, specifications, amenities and facilities of the Apartment/ Plot and accepted the floor plan, payment plan and the specification, amenities and facilities annexed along with this Agreement which has been approved by the competent authority, as represented by the Promoter. The Promoter shall develop the Project in accordance with the said layout plans, floor plans and specifications, amenities and facilities. Subject to the terms in this Agreement, the Promoter undertakes to strictly abide by such plans approved by the competent authorities and shall also strictly abide by the bye-laws, FAR, and density norms and provisions prescribed by the relevant building bye-laws and shall not have an option to make any variation/ alteration/ modification in such plans, other than in the manner provided under the Act, and breach of this term by the Promoter shall constitute a material breach of this Agreement.