Property maintenance - standard terms and conditions

Last updated: 22 June 2021

Liquidated and ascertained damages

17. Should the Supplier/Contractor fail to deliver the Materials by the date specified in the Purchase Order for any reason not falling within condition 16 above and/or fail to complete the work with the time limit specified the Supplier/Contractor shall pay to the Purchaser 2.5% of the contract price for each week or portion thereof up to a maximum of 15% of the contract price of liquidated damages.