About this document
Liquidated Damages vs. Penalties in Construction by Muhammad Anamul Hoque is a document available to read on EtoBox.
This document discusses liquidated damages in construction contracts. Liquidated damages are specified daily charges deducted from payments to the contractor for delays in meeting milestones or completing the project on time. They must be a genuine pre-estimate of losses and meet certain criteria to be enforceable. The document examines types of liquidated damages clauses for different types of contractual breaches and delays. It also explores the differences between liquidated damages and penalty clauses.
- Author
- Muhammad Anamul Hoque
- Language
- EN