non-performance


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non-performance

Said of a building contractor’s failure to perform the work, 1 called for in the contract documents.
References in periodicals archive ?
The amount of the penalty incurred for late or defective performance or non-performance penalty due amounts for the count.
The detailed conditions of non-performance penalty are described in the documentation.
Bidders will inform the contracting authority to delay, defective performance, non-performance and would like to apply penalties in case of failure of the contractor~s contract.
Non-performance penalty to the net value of the equipment concerned 20%.
HISI) for non-performance, and will sue the company for breach of contract, Lottery officials reported today at a Lottery Commission meeting.
The Apollo Academy offers career and leadership skill development for non-performance specializations within the arts and entertainment industry.
If the contractor is at fault Contracting Authority to terminate the contract, cancellation or exercise of sanctions forced the contractor has not yet used to pay part of the contractual net sales of 20% of non-performance penalty is required.
The bonds are designed to be backed by essentially a project revenue stream, but under certain circumstances, the bonds can take on a payments from either the system or operator, by way of different types of non-performance and related damage payments.
These risks and uncertainties include the inability to manage expected growth, the failure to realize the increased revenues and improved operating margins that the Company has associated with sales of our products, the loss of any key personnel, our inability to introduce new products that are accepted by the market, the loss or non-performance of our sales representatives, unfavorable results of potential litigation, and the possibility that competitors could develop or acquire technology that could erode the Company's technical advantages.
Non-Performance Penalty This contract Supplier~s sphere of interest in case of failure of reasons for, or if the Supplier to settle other - interest among emerging - refuses to reason, or the delay amounted to 10 days (which is this evening in shall also be a failure), carrying the order concerned meghiE[bar]sulEissal the net amount of 20% - is required to pay the appropriate penalty for non-performance, and validate the customer against the Supplier other needs beyond the penalty is (claims, additional costs).
Conservative underwriting practices relating to these investments have kept non-performance of its mortgage portfolio (which is weighted approximately one-half in residential and commercial properties, respectively) at a nominal 1 percent of total general account assets.
Contracting delays of more than 20 days as the failure to perform the contract and is entitled to claim non-performance penalty.