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ARTICLE XN DRaFr <br />LIQUIDATED DAMAGES <br />Should the Contractor fail to complete the Work within <br />the time agreed upon in Contractor's schedule as set forth in <br />Article II, or within such additional time as may have been <br />allowed by extension, there shall be deducted from any moneys due <br />or that may become due the Contractor the sum of $ per <br />day, for each and every calendar day beyond the agreed or <br />extended completion day, that the Work remains uncompleted. Such <br />sum is fixed and agreed upon the Owner and the Contractor as <br />liquidated damages due the Owner by reason of the inconvenience <br />and added costs of administration, engineering and supervision <br />resulting from the Contractor's default and not as a penalty. <br />Permitting the Contractor to continue and finish the <br />Work or any part of it after the time fixed for its completion, <br />or after the date to which the time for completion may have been <br />extended, shall in no way operate as a waiver on the part of the <br />Owner or any of Owner's rights under the Contract. <br />IN WITNESS WHEREOF, the parties hereto have executed <br />this Agreement on .the day and year first above written. <br />CONTRACTOR <br />BY <br />ITS <br />TAXPAYER ID #• <br />- 9 - <br />