Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

We have given the contract to an agency for the value of 1 7 Cr for the duration of 7 month with the LD clause

We have given the contract to an agency for the value of 17 Cr for the duration of 7 month with the LD clause of 0.5% of total contract price for each week's delay or part thereof, subject to maximum of 5% of total contract price. But within contract period agency has completed only 9 Cr , in this case how will calculate the LD amount?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting The Impact On Decision Makers

Authors: Gary A Porter, Curtis L Norton

8th Edition

1111534861, 9781111534868

More Books

Students also viewed these Finance questions

Question

=+What mechanisms protect bondholders?

Answered: 1 week ago

Question

What should Sheila have done to avoid interviews like this one?

Answered: 1 week ago