Liquidated damages
Series: Contract Journal ; 415(6398) 9 October 2002, 30(1)Publication details: 2002Subject(s): Summary: Examines the role of liquidated damages in construction contracts, which are damages calculated according to a formula set out in the contract. In the case of "Peak Construction (Liverpool) Ltd v McKinney Foundations Ltd" CA 1 July 1970 errors were later found by a McKinney pilings subcontractor in the perimeter piles following completion of a 14-storey block of flats built by Peak Construction. Although it was agreed by the parties to appoint an independent expert engineer the housing corporation's committee caused a 58-week delay. As the contract did not permit an extension of time due to the employer's delay in authorising remedial work the liquidated damages provisions could not be applied.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | ABS66194 (Browse shelf(Opens below)) | 1 | Available | 120895-1001 |
Examines the role of liquidated damages in construction contracts, which are damages calculated according to a formula set out in the contract. In the case of "Peak Construction (Liverpool) Ltd v McKinney Foundations Ltd" CA 1 July 1970 errors were later found by a McKinney pilings subcontractor in the perimeter piles following completion of a 14-storey block of flats built by Peak Construction. Although it was agreed by the parties to appoint an independent expert engineer the housing corporation's committee caused a 58-week delay. As the contract did not permit an extension of time due to the employer's delay in authorising remedial work the liquidated damages provisions could not be applied.