24Oct
Issues Impacting Enforceability of Liquidated Damages in Construction Contracts
Liquidated damages are a sum specified in a contract as the measure of recovery in the event of a breach of the contract. Liquidated damages provisions are common in construction contracts to guard against damages that the owner or a contractor might suffer if a project is delayed beyond the completion date set forth in the contract......
By:
Ward and Smith, P.A.
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