10 Liquidated Damages Flashcards
(12 cards)
What are LADs?
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How are LADs calculated?
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What needs to happen for LADs to be imposed?
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How are LADs recovered?
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What is a certificate of non-completion and how does it relate to LADs?
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Under what circumstances may you wish to omit LADs from a contract?
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How would you go about omitting LADs from a contract?
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How are LADs affected by extensions of time?
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How are liquidated damages calculated when a contract includes provision for sectional completion?
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How would you adjust liquidated damages when partial possession has occurred on one of your projects?
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You join a project in the post contract phase and find in the contract particulars that £0.00 has been included against the liquidated damages clause. What does this mean for the employer?
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On a project the works have not been completed by the completion date and no EoT has been granted. The contract administrator has not issued a certificate of non-completion. What is the contractual position with regard to damages?
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