Liquidated Damages and Extensions of Time in Construction Contracts

Commercial pressures in recent years have placed new emphasis on the provisions for liquidated damages and extensions of time to be found in all standard forms of construction contracts.
Times for completion have shortened, levels of liquidated damages have risen, and the once familiar practice of employers waiving their right to deduct liquidated damages has disappeared.
A surge of cases in the courts reflects the increase in disputes on liquidated damages and extensions of time, and the legal rulings which have emerged show the need for all those involved in the financial management or contract administration of construction projects to be fully informed on the subject.
This book covers in detail the legal principles on liquidated damages and extensions of time and the effects and implications of recent judgments, and examines in depth the relevant clauses of the current standard forms of building and civil engineering contracts.
Particular attention is given to the pitfalls to be avoided in setting levels of liquidated damages, to the procedures which must be followed by architects, engineers and contract supervisors in granting extensions of time, and to clarifying the many misunderstandings on time and damages which abound in the construction industry.