Common use of Liquidated Damages for Delay in Final Completion Clause in Contracts

Liquidated Damages for Delay in Final Completion. .1 If Design/Builder fails to achieve Final Completion as required, Design/Builder will be assessed liquidated damages in accordance with the following schedule for each day of unexcused delay in achieving Final Completion: (1) ($ amount) per day

Liquidated Damages for Delay in Final Completion. .1 If Design/Builder fails to achieve Final Completion as required, Design/Builder will be assessed liquidated damages in accordance with the following schedule for each day of unexcused delay in achieving Final Completion: (1) ($ amount$500.00) per dayday when Design/Builder overcomes the delay in achieving Final Completion, or any part thereof, for which Owner has withheld payment, Owner shall promptly release to Design/Builder those funds withheld, but no longer applicable as liquidated damages.