Time Related Claims Construction Delay Claims Constructions contractors usually have a time within which or a date by which the contractor must complete the work or bring it to the stage of practical completion. There is usually a definition of completion or practical completion. completion is usually defined to be substantial completion of work. Before …
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Can a contractor challenge the liquidated damages ?
Can a contractor challenge the liquidated damages ? Introduction: Challenging Liquidated Damages in Construction Contracts Liquidated damages are a predetermined amount of compensation that a contractor may be required to pay to the project owner in the event of a breach of contract, such as delays or non-performance. While liquidated damages are designed to provide …
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