10 Liquidated Damages

Question 1

What are LADs?

Answer 1

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Question 2

How are LADs calculated?

Answer 2

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Question 3

What needs to happen for LADs to be imposed?

Answer 3

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Question 4

How are LADs recovered?

Answer 4

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Question 5

What is a certificate of non-completion and how does it relate to LADs?

Answer 5

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Question 6

Under what circumstances may you wish to omit LADs from a contract?

Answer 6

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Question 7

How would you go about omitting LADs from a contract?

Answer 7

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Question 8

How are LADs affected by extensions of time?

Answer 8

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Question 9

How are liquidated damages calculated when a contract includes provision for sectional completion?

Answer 9

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Question 10

How would you adjust liquidated damages when partial possession has occurred on one of your projects?

Answer 10

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Question 11

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?

Answer 11

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Question 12

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?

Answer 12

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