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<br />L'ES:d'j1t O":~,£";)I;"" <br /> <br />) ) <br /> <br />Code <br /> <br />(commencing <br /> <br />with <br /> <br />Section <br /> <br />1720) . <br /> <br />But <br /> <br />no <br /> <br />sum <br /> <br />shall <br /> <br />be <br /> <br />withheld, retained or forfeited, except from the final payment, <br /> <br />without a full investigation by either the Division of Labor Law <br /> <br />Enforcement or by City. <br /> <br />5. <br /> <br />It is hereby agreed by the parties to the agreement that <br /> <br />in case all work called for under the agreement is not finished <br /> <br />or completed on or before the time set forth in this agreement, <br /> <br />damage will be sustained by City, <br /> <br />and that it is and will be <br /> <br />impracticable and extremely difficult to ascertain and determine <br /> <br />the actual damage which City will sustain in the event of, and by <br /> <br />reason of such delay; it is therefore agreed Contractor will pay <br /> <br />to City the sum calculated at the rate of Five Hundred Dollars <br /> <br />( $ 5 0-0 . 0 0 ) <br /> <br />per <br /> <br />day <br /> <br />as <br /> <br />liquidated <br /> <br />damages <br /> <br />for <br /> <br />each <br /> <br />and <br /> <br />every <br /> <br />calendar day's. delay <br /> <br />in <br /> <br />finishing the work <br /> <br />in excess of the <br /> <br />number of calendar days prescribed, and Contractor agrees to pay <br />said liquidated damages as herein provided, and in case the same <br /> <br />are not paid, agrees that City may deduct the amount thereof from <br /> <br />any monies due or that may become due under this agreement. <br /> <br />It is further agreed that in case the work called for under <br /> <br />this agreement is not completed in all its parts and requirements <br /> <br />within the number of calendar days specified, City shall have the <br /> <br />right to increase the number of calendar days or not, as may seem <br /> <br />best to serve the interest of City;, and if it is decided to <br /> <br />increase the said number of c.alendar days, City shall further <br /> <br />have the right to charge to Contractor, and deduct from the final <br /> <br />payment for the work, all or any part, as City may deem proper, <br /> <br />of the actual cost of engineering, inspection, superintendance, <br /> <br />8 <br /> <br />""",.. ., ,.-, 'T' <br />