The contract includes fines for delays, and the Finns (no pun intended) have now charged Billions worth of 'late fees' to Areva. Areva promised the moon and can't deliver. It would be great if public projects in the US would include the same sort of strong rules as what the Finns did here. No more overtime and over budget as the norm when building roads and bridges. A project being late would mean that tax payer money would increase instead of dwindling.
Most large utility contracts do have such clauses. They are called liquidated damages or "LDs". In new gas turbine , steam turbine, and wind turbine contracts, there are late fees for drawing and documentation, usually around $500-2,000 per day per document. Then there are late delivery LDs, which vary depending on the equipment but $50,000-100,000 per day for a gas or steam turbine isn't uncommon. Lastly, there are startup LDs, which are late fees for if the equipment isn't functionally complete and operating by a certain date. Startup LDs are a lot more of a headache because one vendor's delay often causes a delay with other vendors. Proving what is a "delay" and who caused it can be a major hassle. I'm glad I am not involved in this particular project because it sounds like a disaster.