TIME IS OF THE ESSENCE OF THIS CONTRACT. The Contractor’s failure to substantially complete the Work within the Contract Time or to achieve Final Completion as required will cause damage to the Owner. These damages are liquidated by agreement of the Contractor and the Owner, as set forth in Article 9.11 below.
Appears in 41 contracts
Sources: Construction Management Agreement, Construction Management Agreement, Design Build Contract
TIME IS OF THE ESSENCE OF THIS CONTRACT. The Contractor’s failure to substantially complete the Work within the Contract Time or to achieve Final Substantial Completion as required will cause damage to the Owner. These damages are liquidated by agreement of the Contractor and the Owner, as set forth in Article 9.11 below.
Appears in 17 contracts
Sources: Construction Management Agreement, Construction Management Agreement, Owner and Contractor Agreement