Common use of Schedule for Achieving Substantial Completion Clause in Contracts

Schedule for Achieving Substantial Completion. The Design-Build Firm shall achieve Substantial Completion by the applicable Scheduled Date of Substantial Completion to be established for NEOC and NESC, as shown in the Project Schedule (Exhibit 6). In the event of Excusable Delay, the Scheduled Date of Substantial Completion shall be adjusted by adding the resulting aggregate number of days of Excusable Delay. In such event, Delay Liquidated Damages shall accrue from the Scheduled Date of Substantial Completion, as the same may be extended. Owner may deduct and offset from and against any amounts due Design-Build Firm a sum equal to the amount of any Delay Liquidated Damages due Owner through the date that Final Completion is achieved.