Contracts are for lawyers, or at least they should be. General Contractors, subcontractors, and just about everyone else involved in the construction industry is faced with more and more contracts every year. The more familiar you can be with how … Read More
What are Liquidated Damages in a Construction Contract?
Many contracts in the construction industry include clauses relating to liquidated damages, a form of damages where the amount liable upon breach can be found in the contract itself. Liquidated damages are meant as a fair representation of losses in … Read More