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( b) From 30 calendar days to 180 calendar days from the effective date of Notice to <br /> Proceed , the CONTRACTOR shall complete the following tasks : <br /> 1 . Substantially complete the Work described in these Contract <br /> Documents . <br /> 2 . Correct all deficiencies noted by Engineer . <br /> Completion of all tasks outlined above ( i . e . , Subparagraphs a ) and b) constitutes <br /> Substantial Completion . <br /> (c) From 180 calendar days to 210 calendar days from the effective date of Notice to <br /> Proceed , the CONTRACTOR shall complete the following tasks : <br /> 1 . Clean up project area . <br /> 2 . Remove all equipment and material from project site . <br /> 3 . Perform contract closeout procedures . <br /> 3 . 2 Completion of all tasks outlined above (i . e . , Subparagraphs a , b , and c) constitute <br /> Final Completion . <br /> 3 . 3 Liquidated Damages . OWNER and CONTRACTOR recognize that time is of the <br /> essence of this Agreement and that OWNER will suffer financial loss if the work is <br />not <br /> completed within the times specified in Paragraphs 3 . 1 and 3 . 2 above , plus any extensions <br /> thereof allowed in accordance with Article 12 of the General Conditions. They also recognize <br /> the delays , expense and difficulties involved in proving in a legal proceeding the actual loss <br /> suffered by OWNER if the work is not completed on time . Accordingly , instead of requiring <br /> any such proof, OWNER and CONTRACTOR agree that as liquidated damages for delay <br /> (but not as a penalty) CONTRACTOR shall pay OWNER four-hundred and fifty dollars <br /> ($450 . 00) for each day that expires after the time specified in Paragraph 3 . 1 for Substantial <br /> Completion , if CONTRACTOR shall neglect, refuse or fail to complete the remaining work <br /> within the Contract Time or any proper extension thereof granted by OWNER , <br /> CONTRACTOR shall pay OWNER four-hundred and fifty dollars ( $450 . 00) for each day that <br /> expires after the time specified in Paragraph 3 . 2 for completion and readiness for final <br /> payment . <br /> 3 . 3 . 1 The CONTRACTOR and OWNER agree that OWNER is authorized to deduct all or <br /> any portion of the above-stated liquidated damages due to the Owner from payments <br /> due to the Contractor, or, in the alternative , all or any portion of the above-stated <br /> liquidated damages may be collected from the Contractor or its Surety or Sureties . <br /> These provisions for liquidated damages shall not prevent the OWNER , in case of the <br /> CONTRACTOR ' s default , from terminating the Contractor's right to proceed as <br /> provided in this AGREEMENT . <br /> 3 . 3 . 2 In addition to the above-stated liquidated damages , the CONTRACTOR shall be <br /> responsible for reimbursing OWNER to third party consultants in administering the <br /> Project beyond the Substantial Completion date specified in this Agreement , or <br /> beyond an approved extension of time granted to CONTRACTOR , whichever date is <br /> later. <br /> ARTICLE 4 CONTRACT PRICE <br /> 4 . 1 OWNER shall pay CONTRACTOR for completion of the work in accordance with the <br /> Contract Documents in current funds in the amount of $ 3 , 247 , 500 . 00 . <br /> 00530-3 <br />