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. , <br /> III. CONTRACT TIME AND LIQUIDATED DAMAGES <br /> A. Contractor shall complete the Work of each milestone and the Project within <br /> the following Times: <br /> 1. Submittals for Long lead Time Items including each of the following: <br /> dog agility equipment, lighting and site furnishing must be <br /> submitted at or before the mandatory pre-construction meeting. <br /> 2. Approval of Long lead Time Items submittals within 45 days of pre- <br /> construction meeting. <br /> 3. Submit proof that Long lead Time Items have been ordered and paid <br /> for within 5 days from the date of approval by the City of each <br /> submittal. <br /> 4. Commence Work on site within 30 days from the date of the Notice <br /> to Proceed <br /> 5. Time for Substantial Completion. Contractor shall substantially <br /> complete the Work for the Project with 80 calendar days from the <br /> date the Contract Time commences to run given in the Notice to <br /> Proceed. <br /> 6. Time for Final Completion. Contractor shall fully complete the <br /> Work for the Project within 90 calendar days from the <br /> commencement date given in the notice to proceed ("Contract <br /> Time"). By signing below, Contractor expressly waives any claim for <br /> delayed early completion. <br /> B. Liquidated Damapes <br /> 1. City and Contractor recognize that time is of the essence of this <br /> Agreement and that City will suffer financial loss in the form of lost <br /> revenues, contract administration expenses (including project <br /> management and consultants' expenses), delay and loss of public <br /> use, if the Work and each milestone thereof is not completed within <br /> the time specified in paragraph III.A.1 above plus any extensions <br /> thereof allowed in accordance with the Contract documents. <br /> Consistent with Section 00700 (General Conditions), Contractor and <br /> City agree that because of the nature of the Project, it would be <br /> impractical or extremely difficult to fix the amount of actual damages <br /> incurred by City because of a delay in completion of the Work. <br /> 2. Accordingly, City and Contractor agree that Contractor shall pay City <br /> the amounts listed below for each Day that expires after the time <br /> specified in Paragraph III.A.1 of this Section 00520 for Contractor to <br /> MAIN STREET DOG AGILITY PARK <br />