In a Construction Contract,there Is a $1,000 Per Day Estimate

question 35

Essay

In a construction contract,there is a $1,000 per day estimate of damages for each day that the contract runs over the completion date.The contractor is 30 days late when the job is completed,resulting in a prospective damage award of $30,000.What is this type of clause,and when will it be enforced?

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Definitions:

Stereotactic Radiosurgery

A non-surgical radiation therapy used to treat abnormalities and small tumors in the brain with highly focused radiation beams.

Cancer

A broad group of diseases characterized by the uncontrolled growth and spread of abnormal cells.

Cellular Reproduction

The process by which cells divide to form new cells, essential for growth, repair, and the maintenance of organisms.

Myelography

A radiographic examination of the spinal canal after injecting a contrast medium to detect spinal cord or nerve root disorders.