Common use of Late Completion Clause in Contracts

Late Completion. If you fail to complete the Work within the required time for completion, we may deduct BMD$500.00 from the Fee on a daily basis, as a liquidated sum to be paid by way of compensation, until completion of the Work.

Late Completion. If you fail to complete the Work within the required time for completion, we may deduct BMD$500.00 BMD$100 from the Fee on a daily basis, as a liquidated sum to be paid by way of compensation, until completion of the Work.