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Banksia invites tenders for builders to complete the project. The tendering process takes one month. The successful builder, Al Contractors, is unable to start work
Banksia invites tenders for builders to complete the project. The tendering process takes one month. The successful builder, Al Contractors, is unable to start work on Banksia's project for a further three months because of other building works that they are involved with Banksia nevertheless engaged Al. As a result of the building not being completed by the original date, Banksia lost a major tenant who was going to lease an entire floor of the building at a rate of $20 per square metre above the market rate. Advise Banksia and Mario of their legal rights. [10 marks]
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