Question
When referring to liquidated damages as a remedy for a breach, many contracts contain language that states: ...as liquidated damages, and not as a penalty....
When referring to liquidated damages as a remedy for a breach, many contracts contain language that states: "...as liquidated damages, and not as a penalty...."
Question:Research projects online, and provide an example of a liquidated damages formula along with the type of procurement involved.
A good place to start: Almost any public works project such as bridges, highways, and buildings.
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Project Management Fundamentals Key Concepts And Methodology
Authors: Gregory T. Haugan
2nd Edition
1567262813, 9781567262810
