What are Liquidated Damages in Construction Contracts

Liquidated Damages is another important term discussed in construction contracts. Sometimes contractors misunderstand liquidated damages as a penalty for not completing the construction project within the stipulated time fame. However liquidated damages are not a penalty imposed on contractor.

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Amila Gamage

Author: Amila Gamage

Amila Gamage is a Contracts Engineer with more than 16 years experience in construction sector. She writes this blog to share her experience and knowledge in the field of Contract Administration. View all posts by Amila Gamage