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bonus-and-penalty clause |
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bonus-and-penalty clause A provision in the construction contract for payment of a bonus to the contractor for completing the work, 1 prior to a stipulated date, and a charge against the contractor for failure to complete the work by such stipulated date. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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