liquidated damages

liquidated damages

Blog Article

Liquidated damages play a pivotal role in construction contract management. These pre-determined sums are set to compensate for breaches, such as delays, and can help prevent lengthy disputes or costly lawsuits. The UNICCM talk on the subject provides clear and actionable advice on how to manage these clauses effectively. It’s an essential resource for contractors and project managers who want to avoid unnecessary risks and ensure smooth project delivery. If you want to protect your financial security and minimise delays, understanding liquidated damages should be a priority.