General Conditions in Electrical And Other Engineering Contracts

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And the damages which can even so be recovered are again limited by the provision that the total deduction is not to exceed a cer- tain percentage of the contract value of the unfinished portion of the plant. The sum suggested in the model clause abov< — one-half of one per cent, of the contract price — to be deducted per week until comple- tion, is not in any case an excessive amount, and is one to which a reason- able Contractor should agree; while the tact that the amount is fixed will save much time and trouble to both parties. The clause as sometimes used by the London County Council reads as follows:—" If the Contractor shall fail to execute, deliver, erect and \'2 GENERAL CONDITIONS IN ENGINEERING CONTRACTS; plete the work within the p. I i» »<1 or respective periods hereinbefi limited, or anj extension of Buch period or periods authorised by the Chief Officer as aforesaid, the Contractor shall on demand pay to the Council, rtained and liquidated damages and not as a penalty a sum calculated at the rate stated in the schedule, in respect oi the period or periods during which such default shall be made and shall continue.

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