There are penalty clauses for failure to meet the specified completion date but IIRC with the IPF the state does not seem to make the penalties very severe. I forgot how much of a refund or penalty Descant was required to pay per day over the due date but it was relatively small. As far as this penalizing hem from future work, I recall those on here more familair with the process saying that getting a contractor removed from the bidding for past problems is a bureacratic nightmare.