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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?


Definitions:

Defendant

A person, company, or institution sued or accused in a court of law.

Canadian Environmental Assessment Act

A piece of federal legislation in Canada that mandates the assessment of the environmental impacts of certain proposed projects before they are allowed to proceed.

Environmental Assessments

The process of evaluating the environmental impacts of a planned project or development, to ensure that decisions incorporate environmental considerations.

Environmental Assessment

A procedure undertaken to determine the effect on the physical environment of a particular undertaking or activity.

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