Content Headings

Key Issues

Example clauses

Notes and References

Date for completion

The parties need to consider the consequences of late completion. In particular, the issue of whether "liquidated damages" is payable. If the late date of completion means and shorter period for the concessionaire to operate the infrastructure facility and derive revenues from the infrastructure facility, the risk of late completion has already been passed to the concessionaire.

Concessionaire shall complete the Works by the Completion Date. Without prejudice to Clauses [(Concessionaire Events of Default), (Non-Default Termination), (Effect of Termination) and (Compensation on Termination)], the Authority shall not be entitled to claim liquidated or general damages in respect of any delay which elapses between the Completion Date and the Actual Completion Date. 

See SOPC Section 3.3.

See SOPC Section 4 for the consequences of late service commencement.

Alternative 1 adapted from Department of Health (UK), Standard Form Project Agreement Index reference A1 Folder 1.