Subject to force majeure and the extensions as may be allowed due to changes in work, Consultant guarantees to complete the work in agreed time schedule. In the event of the CONSULTANT failing to complete the work within the agreed time schedule for reasons solely attributable to Consultant, Consultant agrees to pay to HMT, Kalamassery a compensation equal to 0.5% (half percent) of its fees for every completed week of delay exceeding 1 weeks of the stipulated period subject to a maximum of 10% (Ten percent) of Consultant‟s fees, for all such delays. The decision of competent authority of HMT, Kalamassery is final & binding in this regard. The overall delay shall be accounted for working out the penalty for completion of total assigned job consisting of various activities.
For More Information Pls.Go Through Below Attached Documents…
