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Liquidated damages provisions are commonly used in construction contracts in the United
States. Liquidated damages represent an amount of money that the contracting parties agree is
an appropriate estimate of the damages a party will sustain if the contract is breached. In
construction contracts, liquidated damages most commonly apply when the contractor breaches
the contract by not completing the work on time. A formula is generally employed to compute
how much a contractor owes for failing to complete on time.
If you are a Main contractor and work with subcontractors to complete the
project, then it is necessary to sign your contract agreement with the sub-
contractor with necessary clauses. In the event that the delay is due to sub
contracted work and if Liquidated Damages are mentioned in your sub-
contractor agreement, then you can recover some part of liquidated
damages from the sub-contractor depending on the project and contractual
situation
https://thecontractsengineer.com/liquidated-damages-in-construction-contracts/
http://www.inhouselawyer.co.uk/wgd_question/do-contracts-commonly-contain-delay-liquidated-
damages-provisions-and-are-these-upheld-by-the-courts/