10 Liquidated Damages Flashcards Preview

03 Contract Administration > 10 Liquidated Damages > Flashcards

Flashcards in 10 Liquidated Damages Deck (12)
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1
Q

What are LADs?

A

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2
Q

How are LADs calculated?

A

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3
Q

What needs to happen for LADs to be imposed?

A

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4
Q

How are LADs recovered?

A

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5
Q

What is a certificate of non-completion and how does it relate to LADs?

A

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6
Q

Under what circumstances may you wish to omit LADs from a contract?

A

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7
Q

How would you go about omitting LADs from a contract?

A

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8
Q

How are LADs affected by extensions of time?

A

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9
Q

How are liquidated damages calculated when a contract includes provision for sectional completion?

A

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10
Q

How would you adjust liquidated damages when partial possession has occurred on one of your projects?

A

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11
Q

You join a project in the post contract phase and find in the contract particulars that £0.00 has been included against the liquidated damages clause. What does this mean for the employer?

A

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12
Q

On a project the works have not been completed by the completion date and no EoT has been granted. The contract administrator has not issued a certificate of non-completion. What is the contractual position with regard to damages?

A

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