Construction Contract Clauses: Late Completion Liquidated Damages and Incentives for Early Completion
By: Scott Cahalan and Darren Rowles, Smith, Gambrell & Russell, LLP This article examines liquidated damages clauses, clauses providing incentives for early completion, and the commonly held misconception that a construction contract that includes a liquidated damages clause must also include an incentive for early completion. As explained below, these clauses are independent and, as […]