Liquidated Damages and Extensions of Time in Construction Contracts
Liquidated Damages and Extensions of Time in Construction Contracts By Brian Eggleston
|Publisher||Black Well Scientific Publications|
Commercial pressures in recent years have placed a renewed emphasis on the provisions in all conventional types of construction contracts for liquidated damages and time extensions.
Completion times have decreased, and liquidated damages have vanished.
The rise in court cases reflects the rise in disputes over liquidated damages and extensions of time, and the legal rulings that have emerged demonstrate the importance of all those involved in the financial management or contract administration of construction projects being fully informed on the subject.
Liquidated Damages and Extensions of Time in Construction Contracts discusses in full the relevant clauses of the current standard forms of building and civil engineering contracts, as well as the legal principles on liquidation damages and extensions of time, as well as the effects and implications of recent judgements.
The dangers to avoid when calculating liquidation damages, the procedures that architects, engineers, and contract supervisors must follow when granting extensions of time, and the various misunderstandings about time and damages that abound in the construction business are all addressed.
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