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SIMA is ordered to pay contractual balance of over 17 million SOL; damages counterclaim fails for lack of evidence
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Tribunal considers physical handover of works as actual completion date, and reverses penalties and call on performance guarantee
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Failure to comply with contractual procedures to request deadline extensions does not result in waiver of rights, unless relevant provisions explicitly state so
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Tribunal finds that delays were not attributable to the contractor
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Backgrounds: Parties’ disagreements over attribution of delays and relevant consequences leads to arbitration
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