- If the Subcontractor fails to complete the Work or any section thereof within the period of respective periods specified or any extended period or period authorized by the Contractor in writing, the Subcontractor shall pay to the Contractor any loss or damages suffered or incurred by the Contractor and caused by failure of the Subcontractor as foresaid, which loss or damages shall include any consequential liability to third parties incurred by the Contractor. The payment or deduction of such damages shall not relieve the Subcontractor from his obligation to complete the Work, or from any other of his obligations and liabilities under the Subcontract.