Common use of PENALTY FOR DELAY Clause in Contracts

PENALTY FOR DELAY. 31.1 If the Consultant fails to complete the Services within the time a stipulated in this Contract for completion of Services or a part or portion of Services, the Consultant shall be liable to the Employer for an amount calculated at 0.5% of the Contract Price per delayed Day per order, which shall be paid for every Day which shall elapse between the time for due completion and completion of the relevant Services. However, the total amount due under this sub-clause shall not exceed the maximum of 10% of the Contract Price. 31.2 The imposition of such penalty shall not relieve the Consultant from its obligation to complete Services or from any of its obligations and liabilities under the Contract, 31.3. The Employer may set off or deduct from the fees due to the Contractor any penalty amounts due and owing by the Contractor in terms of clause 31.1.

PENALTY FOR DELAY. 31.1 32.1. If the Consultant Contractor fails to complete the Services within the time a stipulated in this Contract for completion of Services or a part or portion of Services, the Consultant Contractor shall be liable to the Employer for an amount calculated at 0.5% of the Contract Price per delayed Day per order, which shall be paid for every Day which shall elapse between the time for due completion and completion of the relevant Services. However, the total amount due under this sub-clause shall not exceed the maximum of 10% of the Contract Price. 31.2 32.2. The imposition of such penalty shall not relieve the Consultant Contractor from its obligation to complete the Services or from any of its obligations and liabilities under the Contract,. 31.332.3. The Employer PRASA may set set-off or deduct from the fees due to the Contractor any penalty amounts due and owing by the Contractor in terms of clause 31.132.1.