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English to Spanish translations [PRO] Law/Patents - Law: Contract(s)
English term or phrase:Schedule Liquidated Damages
Gracias de antemano por su ayuda.
11. SCHEDULE LIQUIDATED DAMAGES
...In addition, if Contractor shall fail to achieve the Provisional Acceptance Date for the Project by the Guaranteed Provisional Acceptance Date (other than as result of Owner Caused Delay or a Force Majeure Event), suject to Section 11.5.3, Contractor pay to Owner, as liquidated and agreed damages and not as a penalty, Schedule Liquidated Damages equal to 0.25 per cent (0.25%) of the Aggregate Contract Price for each week that the Provisional Acceptance Date is delayed beyond the Guaranteed Provisional Acceptance Date, commencing with the first Day following the Guaranteed Provisional Acceptance Date, and pro-rated for partial weeks.