(e) Liquidated damages

The General Legal Division is proposing to conduct seminars in 2005 for the Procurement Service on software licence agreements, performance bonds and liquidated damages.

Remedies available for failures at that stage may include payment under guarantees provided by the project company, payment of liquidated damages or penalties, or fines.

57. Consequently, the settlement agreement included a deduction of ECU 2 million for liquidated damages caused by delays attributable solely to the contractor. III. AUDITS CONDUCTED

Requests the Secretary General, as recommended in the report of the Office of Internal Oversight Services on the audit of safeguarding air safety standards while procuring air services for the United Nations peacekeeping missions, to fully document the reasons for not following up on the recovery of liquidated damages for contracts and apply consistent methods to the collection of liquidated damages from vendors

Requests the Secretary General, as recommended in the report of the Office of Internal Oversight Services on the audit of safeguarding air safety standards while procuring air services for the United Nations peacekeeping missions, to fully document the reasons for not following up on the recovery of liquidated damages for contracts and apply consistent methods to the collection of liquidated damages from vendors

Liquidated?

The United Nations Office at Nairobi general conditions provides for a penalty clause which, if warranted, will allow the United Nations Office at Nairobi to claim liquidated damages.

MONUC is developing guidelines for imposing liquidated damages for delayed deliveries and is addressing the under utilization of the vessels three of the four cargo pushing vessels were released in November 2004.

Although the contractor was liable to pay liquidated damages at 10,000 per day of delay, the duration of the first phase of the contract was increased by 10 days, and no penalty was charged

Poliomyelitis has been liquidated altogether.

Also, the Administration should closely supervise its contracts to ensure that contractors work meets the required standards, that cost and time overruns are avoided and that the clause on liquidated damages is strictly enforced (para. 57).

In the absence of retainage, and given that the security strengthening project is behind schedule, OIOS believes that the delays attributable to the contractor could result in the assessment of liquidated damages by the Organization against the contractor.

Damages?

An amount of 11,400 was subsequently liquidated.

Liquidated is a word foreign to Spain.

Otto says they'll have to be liquidated.

In response to the OIOS audit, the United Nations Office at Geneva is including, effective 15 August 2005, the standard United Nations clause for liquidated damages in all tendering documents and resulting contracts related to construction, engineering and or architectural services.

When the works performed by the project company are found to be unsatisfactory or inconsistent with the specifications, the law sometimes provides that the project company may be subject to penalties or liquidated damages as provided in the project agreement.

The Agency shall be deemed dissolved and liquidated

Why the black flags? They've been liquidated, I'm afraid.

The woman has been liquidated as a routine precaution.

UNRWA should also closely supervise its contracts to ensure that contractors work meets the required standards in order to avoid cost and time overruns and should strictly enforce the clause on liquidated damages (A 53 5 Add.3, chap. II, para. 57).

Compensation and damages

Thirdly, grievances must be addressed, damages assessed and steps taken to address those damages.

Therefore, a number of provisions will be made in the project agreement, sometimes pursuant to a statutory requirement, so as to deal with the possible consequences of those situations, such as provisions on performance bonds or sureties, insurance requirements, or penalties and liquidated damages.

I'll pay the damages.

The term expenditure designates total obligations incurred, whether liquidated or unliquidated

Attempts were made to negotiate an amendment to the contract that could facilitate completion of the contract, without the loss by any of the parties of their rights under the terms of the contract concerning, inter alia, liquidated damages, out of scope work and so forth.

No special damages or casualties!

Plaintiff claims damages for libel.

The plaintiff paid damages to his customer and demanded the same amount as damages from the defendant.

Obligations amounting to 130,200 were subsequently liquidated, thus reducing expenditures to 3,815,800.

At delivery, the obligation is liquidated and the receivable is correspondingly cancelled.

If he does not pay off his debts, he will be liquidated.

They sued the government for damages.

Article 17 octies Costs and damages

We'll pay for the damages, bill.

Another possibility for limiting the liability consisted in excluding liability for certain types of damages, such as consequential damages.

d A low indicator is a positive reflection that obligations are being liquidated.

f A low indicator is a positive reflection that obligations are being liquidated.

Obligations may be maintained either for that period or until liquidated or cancelled.

OIOS had suggested to the capital master plan office that it begin withholding at least 10 per cent or more of the contractor's approved invoice, starting with its 14 June 2005 invoice, as leverage for liquidated damages and other instances of non compliance with the terms and conditions of the contract.

The Office of Legal Affairs of the United Nations Secretariat has also opined that the objective to be achieved through the inclusion of penalty clause in contracts can instead be realized through the inclusion of liquidated damages clauses, without raising the same issues of validity and enforceability associated with penalty clauses.

Actual requirements amounted to 6,684,400, and an unutilized balance of 65,600 will be liquidated.