Specifications include, but are not limited to: The Contractor shall be an Authorized OEM Dealer or Distributor and must be certified by the OEM for the application to perform these repairs. The Contractor shall have sufficient plant capacity, factory trained and skilled labor, parts and shop equipment necessary to perform the required repairs. In addition, the Contractor shall be able to perform the repair work at either their own facility or at one of Pace’s facilities. If repairs are performed at a Pace facility by contractors, all Pace Policies and Procedures must be followed in regards to outside contractors working on Pace property. The Contractor shall respond and start repairs within twenty-four (24) hours of notification from Pace’s request for repairs. The work under this Contract is critical to the availability of Pace’s revenue generating buses and any delay in completion of this work will materially reduce Pace’s revenue, will be a great inconvenience to the public and increase Pace’s operating costs. Therefore, the Contractor shall be liable for payment to Pace the sum of one hundred fifty dollars ($150.00) per bus for each 24 hour period that the Contractor fails to respond to Pace’s request for repairs. Such monies shall be paid as liquidated damage, not a penalty, to partially cover the loss of revenue and expenses to Pace. Pace may recover such liquidated damages by deducting the amount therefore out of any monies (invoices) due or that may become due to the Contractor.