Liquidated damages result from
A) water damage usually during the foundation stage
B) water damage during any part of the construction
C) failing to meet the completion date
D) the owner becoming bankrupt and going out of business

Question

Quizplus · Accepted Answer

Liquidated damages usually result from the contractor failing to meet the completion date stated in the contract. They are a predetermined amount of money that the contractor has to pay the owner for every day that the project goes beyond the agreed-upon completion date.

Liquidated Damages Result from