Generally, the inclusion of a liquidated damages clause does not affect Contractor bids. Contractors recognize that with or without a liquidated damages clause, they are still liable for actual damages should they finish late. Therefore, during Project performance, the liquidated damages clause may not...
A car rental agreement may contain a clause that imposes a fee on renters who return the car later than they agreed. Legal Terms Similar to Liquidated Damages Damages: The compensation paid to someone who's suffered injury, harm, or loss due to another person's action. Penalty: A payment ...
The court also set specific project milestones, and the Massachusetts Water Resources Authority (MWRA) then established liquidated damages that would result from the contractors missing those deadlines. To calculate the amount of the damages, MWRA proportionally broke down each contractor agreement to ...
Liquidated damages in construction contracts provide a pre-agreed compensation for project delays. To be enforceable, these damages must be a reasonable forecast of expected losses and not a penalty. Calculation should be based on quantifiable losses such as lost rental income, additional supervision ...
协定违约金liquidated damages 双语例句 1. Terminate agreement in advance, charge 80 % of the unfulfilled rental rate. 提前终止协议, 应支付相当于剩余合同期租金总额80%的违约金。 —— 给力词典精选 2. Therefore in recognized when penalty first must follow litigant´s meaning autonomously. " ...
Without a liquidated damages provision in the purchase agreement, what is the seller entitled to recover?Breach of Contract:A breach, in general, refers to breaking a promise that has been earlier made. In the case of a contract, a party is said to be in ...
For this reason, it is important to analyze what the owner’s actual damages would be. Such items as lost revenue, extended financing costs, additional rental expenses, lost reputation damages, and lost opportunity costs should be considered. I recommend that the items included in the calcul...
Liquidateddamages are enforceable iftheamountfixed is a genuine pre-estimate of the loss likely to arise from the anticipated delay in completion of the works. legco.gov.hk legco.gov.hk 在合約內訂明的算定損害賠償,即預計工程不能如期完成所造成 的損失金額,必須是真正的估計,方可按照合約追討。