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:

Justified

Refers to something being supported or shown to be right or reasonable based on evidence or reasoning.

Behavioral Approach

Studies leadership by examining the actions and behaviors of leaders rather than their traits or characteristics.

Performance Outcomes

The results or achievements that come from the performance of a task, operation, or activity measured against predetermined standards or objectives.

Research

The systematic investigation into and study of materials, sources, etc., to establish facts and reach new conclusions.