Common use of Schedule and Delay Clause in Contracts

Schedule and Delay. Completion The deadline for Substantial Completion of the Project is mid-2015. The entire Project must be opened to traffic on or before such deadline, and neither Segment F-1 nor F-2 may be open to traffic before Segment G is open to traffic. The Final Acceptance deadline is 120 days after Substantial Completion. Extensions of completion deadlines are allowed only under limited circumstances. (See Change Order section below.) Schedule Developer must perform the Work in accordance with an approved comprehensive critical path schedule. The baseline schedule will be the schedule submitted with the Proposal, and any changes must be approved by TxDOT as a condition to NTP2. The schedule will be updated monthly during the Project and used for payment, planning & monitoring progress of the Work. If Developer falls behind schedule, a recovery schedule to regain lost time is required or TxDOT may withhold payments. Delay Liquidated damages will be assessed for delays in meeting the deadlines for Substantial Completion and Final Acceptance. TxDOT will have the right to terminate the P3A if completion of the Project is delayed for more than a year. (See Liquidated Damages section below.)

Schedule and Delay. Completion Deadlines The deadline for Substantial Completion of the Project is mid-2015will be the date set forth in the Proposal, which shall be no later than a date set forth in the RFP. The entire Project must be opened to traffic on or before such deadline, and neither Segment F-1 nor F-2 may be open to traffic before Segment G is open to traffic. The Final Acceptance deadline is 120 days after Substantial Completion. Extensions of completion deadlines are allowed only under limited circumstances. (See Change Order section below.) Schedule Developer must perform the Work in accordance with an approved comprehensive critical path schedule. The baseline schedule will be the schedule submitted with the Proposal, and any changes must be approved by TxDOT as a condition to NTP2. The schedule will be updated monthly during the Project and used for payment, planning & monitoring progress of the Work. If Developer falls behind schedule, a recovery schedule to regain lost time is required or TxDOT may withhold payments. Delay Liquidated damages will be assessed for delays in meeting the deadlines for Substantial Completion and Final Acceptance. TxDOT will have the right to terminate the P3A Agreement if completion of the Project is delayed for more than a year. (See Liquidated Damages section below.)