000			01202cam a2200253 4500
001			ABS65081
008			020301n2002 000 0 eng u
035			_a(Sirsi) u116945
100			_aMolloy, JB.
245			_aTime of the essence- a misunderstood term
260			_c2002
490			_aSurveying News _v11(1) January 2002, 14-15(2)
520			_aArgues that this phrase is often misused in construction contracts, implying that if a building is not completed on time, then the employer does not want the building at all, and will treat the contract as repudiated. Such a case would be very rare. Probably what is really wanted is the contractor to try to finish on time, avoiding extensions of time and liquidated damages. An alternative course would be for an employer to serve a notice requiring completion by a certain date.
590			_aABS
650			_aLUCAS V GODWIN
650			_aLAMPRELL V BILLERICAY UNION
650			_aPEAK CONSTRUCTION LIVERPOOL LTD V MCKINNEY FOUNDATIONS LTD
650			_aContracts _96232
650			_aCOMPLETION
650			_aEXTENSION OF TIME
650			_aLIQUIDATED DAMAGES
690			_aBUILT ENVIRONMENT-BUILDING CONTRACT FORMS
942			_n0
999			_c69652 _d69652