Contract number: ECHA/2020/666  II.14.3  The parties must take all necessary measures to limit any damage due to  force  majeure .  II.15.1. Delay in delivery  II.15. LIQUIDATED DAMAGES  If the contractor fails to perform its contractual obligations within the applicable time limits  set out in this FWC, the contracting authority may claim liquidated damages for each day  of delay using the following formula: 0.3 x ( V/d ) where: V  is the price of the relevant purchase or deliverable or  result ;  d is the duration specified in the relevant specific contract for delivery of the relevant  purchase or deliverable or  result  or, failing that, the period between the date specified in  Article I.4.2 and the date of delivery or performance specified in the relevant specific  contract, expressed in days.  Liquidated damages may be imposed together with a reduction in price under the  conditions laid down in Article II.16.  The contracting authority must  formally notify the contractor of its intention to apply  liquidated damages and the corresponding calculated amount. The contractor has 30 days following the date of receipt to submit observations. Failing  that, the decision becomes enforceable the day after the time limit for submitting  observations has elapsed. If the contractor submits observations, the contracting authority, taking into account the  relevant observations, must  notify  the contractor: The parties expressly acknowledge and agree that any amount payable under this Article  is not a penalty and represents a reasonable estimate of fair compensation for the damage  incurred due to failure to provide the services within the applicable time limits set out in  this FWC.  Any claim for liquidated damages does not affect the contractor’s actual or potential liability  or the contracting authority’s rights under Article II.18.  34  II.15.4. Claims and liability  II.15.3. Nature of liquidated damages  (a) of the withdrawal of its intention to apply liquidated damages; or (b) of its final decision to apply liquidated damages and the corresponding amount. II.15.2. Procedure 