Date for Substantial Completion definition
Examples of Date for Substantial Completion in a sentence
No increase in the Contract Sum shall be made and no extension of the Scheduled Date for Substantial Completion shall be allowable, however, for any conditions (whether or not indicated by the Contract Documents) ascertainable by a careful Project Site inspection by Contractor.
The Contractor may direct the Sub-Contractor to re- sequence the work under the Sub-Contract so as to ensure that Completion is achieved by the Date for Substantial Completion or to accommodate the work under the Head Contract.
If the Contractor does not have its Work on the Project Substantially Complete by the specified Date for Substantial Completion or Finally Complete by the Date of Final Completion, the Contractor shall pay the Owner (and the Owner may set off from sums coming due the Contractor) Liquidated Damages in the per diem amounts as set forth in the following tables, whichever may be applicable.
Any rejection of a bid or required re-bid under this Section 11.6 shall not be the basis for recovery as a Cost of the Work or an adjustment to the Incentive Benchmark or the Date for Substantial Completion or the Long Stop Completion Date.
If the Contractor does not have its Work on the Project Substantially Complete by the specified Date for Substantial Completion or Finally Complete within forty- five (45) days of achieving Substantial Completion, the Contractor shall pay the Owner (and the Owner may set off from sums coming due the Contractor) Liquidated Damages in the per diem amounts as set forth in the following tables, whichever may be applicable.
If a condition is encountered by Contractor which satisfies subsections (1) and (2) above, Contractor shall be entitled to an extension of the Scheduled Date for Substantial Completion, as reasonably determined by Owner, and an adjustment to the Contract Sum in accordance with the provisions of Article 5.
Owner and Contractor recognize that time is of the essence of this Agreement and that Owner will suffer financial loss in the form of lost revenues and contract administration expenses (including project management and consultant’s expenses), delay and loss of public use if Work is not completed by the Scheduled Date for Substantial Completion plus any extensions thereof allowed in accordance with the Contract Documents.
A “Change Order” is a written instrument prepared by the Construction Manager or Owner’s Representative at the request of Contractor for Owner’s approval and, if approved by Owner, signed by Owner and Contractor, setting forth their agreement upon (i) a change in the Work, if any; (ii) the amount of adjustment in the Contract Sum, if any; and (iii) the amount of any adjustment in the Scheduled Date for Substantial Completion, if any.
Contractor shall not make any change in the Work or be entitled to any adjustment in the Contract Sum or the Scheduled Date for Substantial Completion, except as provided in a Change Order signed by Owner or Owner’s Representative or in accordance with the procedure set forth in Section 5.3 regarding Field Order Requests.
A Change Order will be issued to cover any adjustments in the Contract Sum or the Scheduled Date for Substantial Completion necessarily caused by such suspension.