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What is WH5 & WH4 Offshore Facilities LDs about?

This document compares two methods for calculating liquidated damages for delays in offshore facility projects. Method 1 calculates damages based on the lump sum price plus change orders, totaling $368,597 for WH5 and $226,020 for WH4. Method 2 calculates damages based only on the option price, totaling $365,537 for WH5 and $226,565 for WH4. Both methods calculate damages at a rate of 0.2% of the applicable price per week of delay.

Author

Marky

Language

EN