Delayed Delivery
0405. The Buyer is satisfied that the failure to deliver the Training Ship within the scheduled delivery period has been for reasons within the control of the bidder, and / or if the Government has suffered loss for reasons of belated delivery, liquidated damages, will be recovered at the rate of 2% of the value of total contract price per month or fraction there of the period exceeding the original delivery period, subject to the provision that the total liquidated damages thus leviable will not exceed 10% of the contract value.