On-Time Schedule Credit Terms

1. 1. What it is (summary): If IID is late for reasons within our control, you receive a credit at Substantial Completion: 8–14 days = $1,000; 15–21 = $2,000; 22+ = 10% (cap 10%). One tier applies; this is the sole remedy for delay.
   2. When it starts: Your Scheduled Completion Date (SCD) is confirmed after the Pre-Construction Walkthrough (we’ll document it in your Notice to Proceed/portal).
   3. How “late” is measured: Calendar days after the Revised SCD; Day 8 trigger; any excusable/concurrent delays don’t count (and break the sequence).
   4. Excusable extensions (plain-English list): weather/non-workable site (incl. dry-out); City/County/HOA working-hour & holiday restrictions; permit/inspection/HOA timing; utility locates; owner/third-party delays; unforeseen subsurface conditions; approved change orders; long-lead/specialty items; supply-chain/vendor disruptions (truck breakdowns, staffing shortages, QC/material defects requiring re-ship, shipping damage, customs holds); and any other cause beyond our reasonable control.
   5. How you receive it: We keep a CIQ Delay Log and post a Revised SCD when applicable. Within 5 business days of Substantial Completion, we send a Schedule Credit Statement; you have 5 business days to ask questions; then we apply the credit to the final invoice or refund the excess.
   6. Definitions (short): Substantial Completion, SCD, Revised SCD, Late Calendar Day.
   7. Note: This page summarizes the guarantee; the binding terms are in your signed Addendum SC-1. CSLB #947643.