6-Liquidated Damages Form.pdf

PDF 84 KB Posted

Attached to
D-17 Stormwater Pump Station and E-13 Wastewater Pump Station Rehabilitation
Solicitation number
ITB No. 2026-001
Issued by
Palm Beach County, Florida

About this file

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This document is a Liquidated Damages Form from the Town of Palm Beach, outlining the contractual terms related to project completion timelines. The form establishes that time is of the essence for contract work, and the contractor acknowledges the difficulty of calculating potential damages from delayed project completion. The document specifies that the contractor and their surety will be liable to pay liquidated damages according to the Florida Department of Transportation schedule (paragraph 8-10) for each calendar day beyond the agreed completion date, including any approved time extensions.

The form requires the contractor to confirm understanding and compliance with the liquidated damages terms by providing their company name, an authorized representative's name, and signature. If the contractor is terminated before project completion due to default, liquidated damages will continue to accrue until the work is finished. The document provides a standardized mechanism for the Town of Palm Beach to recover costs associated with project delays, ensuring accountability and financial protection for the municipal government.

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TOWN OF PALM BEACH

Liquidated Damages Form

Contractor is aware of Town's requirement that the Work achieve timely Completion, time being of the essence. Town and Contractor recognize and hereby acknowledge the difficulty and uncertainty of computing the damages that would be realized by Town in the event the Completion is not timely achieved. It is therefore agreed by Town and Contractor, that the Contractor and the Contractor's surety, shall be liable to and shall pay Town liquidated damages in the amount per attached list - Town adopted Florida Department of Transportation schedule, paragraph 8-10, see attached - for each calendar day after the date on which Completion was to have been achieved (including any Time Extension in approved, written Change Order(s) until Completion of the Work is achieved. In the event Contractor is terminated by reason of default prior to Completion being achieved, any liquidated damages shall continue to accrue and be charged against Contractor until Completion is achieved.

I hereby confirm that our company understands and will comply with Liquidated Damages Term above:

Company Name: Name:

Date: Authorized Signature:

TOWN OF PALM BEACH – Liquidated Damages Form

Company Name:
Name:
Date:

File details come from the government source that posted it. Updated .