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

Liquidated Damages for Delay in Substantial Completion. If the Project fails to achieve the Substantial Completion Date on or prior to close of business on the Substantial Completion Guaranteed Date, then Developer shall pay to PacifiCorp liquidated damages for each day until the Project achieves the Substantial Completion Date, in an amount equal to [ ($ )] per day for the first thirty-one (31) days following the Substantial Completion Guaranteed Date and [ (collectively, the “Delay Liquidated Damages”). ($ )] per day thereafter