Preventing and Solving Construction Contract DisputesVan Nostrand Reinhold, 1979 - 389 pages |
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Page 49
... liquidated damages , but experience is that liquidated damages are always too low to be of sub- stantive value anyhow . Indeed , it is only in recent years that anyone has really paid attention to liquidated damages . Many still believe ...
... liquidated damages , but experience is that liquidated damages are always too low to be of sub- stantive value anyhow . Indeed , it is only in recent years that anyone has really paid attention to liquidated damages . Many still believe ...
Page 50
... liquidated damage amount since it is typically far lower than actual damages and almost never can be increased since the figure was set by the owner unilaterally and then agreed to by the contractor . The owner is best served by issuing ...
... liquidated damage amount since it is typically far lower than actual damages and almost never can be increased since the figure was set by the owner unilaterally and then agreed to by the contractor . The owner is best served by issuing ...
Page 97
... liquidated damages stated in the documents rather than contracts which will allow the owner to pursue actual damage . Liquidated damages are generally too low . If too high , they can be attacked as being a penalty . Actual damages can ...
... liquidated damages stated in the documents rather than contracts which will allow the owner to pursue actual damage . Liquidated damages are generally too low . If too high , they can be attacked as being a penalty . Actual damages can ...
Contents
PREFACE vii | 1 |
THE COMMON CATEGORIES OF CONSTRUCTION PROBLEMS | 25 |
THE KEY TO CONSTRUCTION DISPUTESTIME | 55 |
Copyright | |
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Common terms and phrases
acceptance accordance adjustment agreed AIA DOCUMENT American Arbitration Association AMERICAN INSTITUTE amount Application for Payment approval arbitration Architect-Engineer ARTICLE attorneys authority having jurisdiction authorized award Buyer cause Certificate for Payment Change Order claim clause compensation Construction Cost Construction Manager consultants Contract Docu Contract Documents Contract Price Contract Sum Contracting Officer damage defective delay dispute employees ENGINEER's execution Executive Order 11246 expenses failure final payment furnish Government hereunder inspection INSTITUTE OF ARCHITECTS labor liability liquidated damages loss materials and equipment materials or equipment ments modification otherwise provided OWNER and CONTRACTOR OWNER and ENGINEER Owner-Contractor Agreement paid party performance person Phase prior Project Project representation property insurance provided in paragraph reasonable responsible schedule Seller Shop Drawings Subcontractor Subparagraph Substantial Completion termination thereof tion tractor Unless otherwise writing written notice YORK AVE YORK AVENUE