Page Tags: Mitigation

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 …

Continue reading

Permanent link to this article: https://www.e-basel.com/articles/can-a-contractor-challenge-the-liquidated-damages/

Can a Contractor Claim for Loss of Profit ?

Loss of Profits

Can a Contractor Claim for Loss of Profit ? Claim under standard forms of contract  All standard Forms of Contract provide for the Architect or the Engineer to order variations to the Works, and such variations may include omissions. Whenever variations are ordered that omit work, and particularly if such omissions are substantial in nature, contractors …

Continue reading

Permanent link to this article: https://www.e-basel.com/articles/can-contractor-claim-loss-profit/