Hank Harris, Director of Consulting of Ward and Smith Business Consulting, shared insights on the current state of the construction industry and tips for how construction business owners can grow and succeed, along with...more
Construction projects involve a tiered relationship, which consists of (a) the project owner, (b) a general contractor hired by the owner who manages the construction project as a whole, (c) first-tier subcontractors hired by...more
Liquidated damages are a sum specified in a contract as the measure of recovery in the event of a breach of the contract.
Liquidated damages provisions are common in construction contracts to guard against damages that the...more
10/23/2020
/ Actual Damages ,
Breach of Contract ,
Construction Contracts ,
Construction Industry ,
Construction Project ,
Contract Disputes ,
Contract Terms ,
Delays ,
General Contractors ,
Liquidated Damages ,
Subcontractors