How To Calculate Liquidated Damages in Construction? TEP , The Engineering Projects , Boxes
How To Calculate Liquidated Damages in Construction, liquidated damages construction
Hello everyone, I hope you all are doing great. Today, I am going to share with you about "How To Calculate Liquidated Damages in Construction?" In almost all construction contracts that will be a clause that provides that the contractor will pay liquidated damages to the owner of the project in case there is a breach of contract. In construction, a breach of contract, which leads to the owner claiming liquidated damages, usually relates to a failure to complete a project in contractual time (that is, failing to complete works and handing over the house to the client at the date agreed on the ...
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