Explain Liquidated damage & unliquidated damages.

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written 9.5 years ago by

teamques10 ★ 70k

• modified 6.2 years ago

Liquidated damage:

Liquidated damage is an amount of compensation payable by a contractor to the owner or Government due to delayed construction having no relationship with real damage.
If the contractor fails to complete the works within the time prescribed in the tender then the contractor shall pay to the …

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