Rev. 9-1-95
INCENTIVE OR DISINCENTIVE FOR OPENING PROJECT TO TRAFFIC AHEAD OF SCHEDULE
108-C-043
The Standard Specifications are revised as follows:
SECTION 108, AFTER LINE 61, INSERT AS FOLLOWS:
SECTION 108, AFTER LINE 484, INSERT AS FOLLOWS:
(a) Blank.
(b) Blank.
(c) Blank.
(d) Blank.
(e) Blank.
(f) Incentive Date. The incentive date is _______________, 19____. In order to induce the Contractor to expedite the work as much as possible, an additional lump sum payment of $__________ will be paid, as an incentive amount for each calendar day that ________________ is open to unrestricted traffic. A limit of _____ calendar days or $___________ total will be the maximum incentive or disincentive.
If ______________________ is not open to unrestricted traffic on or before the incentive date, $_________________ will be charged as liquidated damages, not as a penalty but as damages sustained, for each calendar day after the incentive date until ___________________ is open to unrestricted traffic.
Open to unrestricted traffic shall be as defined in 101.28.1.
An earlier incentive date will not be considered. The requirements of 108.07 will not apply.