Construction Management, 5th Edition
5th Edition
ISBN: 9781119425731
Author: Daniel W. Halpin
Publisher: WILEY
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Chapter 3, Problem 4RQE
To determine
Explain whether the penalty given by a contractor for late completion can be classified as liquidated damage or as penalty.
Explain whether the contractor expects to gain any assessment from court action if the owner includes a bonus of $500 per day for early completion.
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Construction Management, 5th Edition
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