Categorising Remedies, Damages Expectation damages, reliance damages and restitution. Remedies and damages are legal solutions that can be sought by a party who has suffered harm or loss as a result of a breach of contract or other legal wrongdoing. Three main types of damages are expectation damages, reliance damages, and restitution. Expectation damages: Expectation …
Permanent link to this article: http://www.e-basel.com/construction-claims/categories-remedies-damages-design-liability-for-architect/
Can a contractor challenge the liquidated damages ? What are liquidated damages? Sum of money (agreed-to and written into a contract) specified as the total amount of compensation an aggrieved party should get, if the other party breaches certain part(s) of the contract. The contract also establishes what actions or failures to act constitute a …
Permanent link to this article: http://www.e-basel.com/articles/can-a-contractor-challenge-the-liquidated-damages/
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 …
Permanent link to this article: http://www.e-basel.com/articles/can-contractor-claim-loss-profit/