Service contract conditions of December 2018  II.14.3  The parties must take all necessary measures to limit any damage due to  force  majeure. If the contractor fails to perform its contractual obligations within the applicable time limits  set out in this contract, 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  or, failing that, the price  specified in Article I.4.1;  d  is the duration specified for delivery of the relevant purchase or deliverable or  result or, failing that, the duration of  performance of the contract specified in Article I.3.3  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  contract.  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.  28  (b) of its final decision to apply liquidated damages and the corresponding amount. (a) of the withdrawal of its intention to apply liquidated damages; or II.15.3. Nature of liquidated damages  II.15.4. Claims and liability  II.15.2. Procedure  II.15.1. Delay in delivery  II.15. LIQUIDATED DAMAGES  Contract number: [ complete ] 