Most parties on a construction project know that a liquidated damage may be assessed for each day of the delay past a contract completion date. However, in infrastructure and highway contracts, there are different events that can result in a liquidated damage or stipulated sum charge.
In this webinar, Jennifer Budd will explain the various forms of liquidated damages, such as incentives and disincentives, and provide tips for identifying them in a contract. Jen will also explore the restraints courts have placed on enforcing these clauses and discuss contractors’ rights when a liquidated damage or stipulated sum clause appears in a contract. Given the current environment, she will also discuss how the COVID-19 pandemic may be viewed through various contract terms, and the rights that contractors have when dealing with delays caused by it.