The short norm for the “Liquidated damages” is known as “LD”. The main intention of liquidated damage is to cover the client against the Contractor’s time-related obligations. If the Contractor breaches the contract, the client can ask (deduct) predetermined sum agreed as “liquidated damages” or “Delay damages”. The principal of Liquidated Damages/ Delay Damages Let …
Liquidated damages/Delay damages in construction Read More »
The post Liquidated damages/Delay damages in construction appeared first on Quantity Surveyor Blog.