II.14  FORCE MAJEURE II.15 LIQUIDATED DAMAGES  II.15.1 Delay in delivery  II.15.2 Procedure  II.15.3 Nature of liquidated damages  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.  29  If the contractor submits observations, the contracting authority, taking into account the relevant  observations, must  notify  the contractor: 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. The contracting authority must  formally notify the contractor of its intention to apply liquidated  damages and the corresponding calculated amount. Liquidated damages may be imposed together with a reduction in price under the conditions laid down  in Article II.16.  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.  V  is the price of the relevant purchase or deliverable or  Result ;  where: 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 ) II.14.1  If a party is affected by  Force majeure , it must immediately  notify  the other party, stating  the nature of the circumstances, their likely duration and foreseeable effects.  II.14.2 A party is not liable for any delay or failure to perform its obligations under the FWC if that  delay or failure is a  Result  of  Force majeure . If the contractor is unable to fulfil its contractual  obligations owing to  Force majeure , it has the right to remuneration only for the services  actually provided.  II.14.3  The parties must take all necessary measures to limit any damage due to  Force majeure .  (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.