Greenwood, David; Hogg, Keith; Kan, Stanley - In: Journal of Financial Management of Property and Construction 10 (2005) 2, pp. 107-114
The normal way of dealing with damages for delay in a construction contract is to use a Liquidated and Ascertained Damages clause. Such clauses specify a preset sum to be due to the client for every day, week or month by which the contractor fails to meet the works completion date. However, the...