Time Frame. It is herein being stated that the works stipulated in this contract are to be completed within a stipulated timeframe as indicated in schedule 1, failing to do so which Owner reserves the right to claim damages caused by negligence and may impose a penalty of 3% per day on work on the total value of the contract from the stipulated completion date of this contract.
Appears in 5 contracts
Sources: Contract of Works, Contract of Works, Contract of Works
Time Frame. It is herein being stated that the works stipulated in this contract are to be completed within a stipulated timeframe as indicated in schedule 1, 1 ,failing to do so which Owner reserves the right to claim damages caused by negligence and may impose a penalty of 3% per day on work on the total value of the contract from the stipulated completion date of this contract.
Appears in 1 contract
Sources: Contract of Works