Project penalty clauses that initiate at mutually agreed-on points in the project's development and implementation are:
A)liquidated damages.
B)milestone adjustments.
C)contingency clauses.
D)penalty points.

Question

Quizplus · Accepted Answer

Penalty clauses that initiate at mutually agreed-on points in the project's development and implementation are known as liquidated damages. These clauses specify the amount of damages that must be paid by the party that breaches the contract. The amount is agreed upon by both parties based on the potential loss or harm that may result from the breach.

Project Penalty Clauses That Initiate at Mutually Agreed-On Points in the Project's