Liquidated Damages And Extensions Of Time

"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."--BOOK JACKET.Title Summary field provided by Blackwell North America, Inc. All Rights Reserved

Liquidated damages and extensions of time are complex subjects, frequently forming the basis of contract claims made under the standard building and civil engineering contracts. Previous editions of Liquidated Damages and Extensions of Time are highly regarded as a guide for both construction industry professionals and lawyers to this complex area. The law on time and damages continues to develop with an increasing flow of judgments from the courts. Alongside this, the standard forms of contract have also developed over time to reflect prevailing approaches to contractual relationships. Against this background a third edition will be welcomed by construction professionals and lawyers alike. Retaining the overall approach of the previous editions, the author clarifies, in a highly readable but legally rigorous way, the many misunderstandings on time and damages which abound in the construction industry. The third edition takes account of a large volume of new case law since the previous edition was published over ten years ago, includes a new chapter on delay analysis and features significantly expanded chapters on penalty clauses, the effects of conditions precedent and time-bars, and the complexities of causation.

Liquidated damages and extensions of time are complex subjects,frequently forming the basis of contract claims made under thestandard building and civil engineering contracts. Previouseditions of Liquidated Damages and Extensions of Time are highlyregarded as a guide for both construction industry professionalsand lawyers to this complex area. The law on time and damages continues to develop with an increasingflow of judgments from the courts. Alongside this, the standardforms of contract have also developed over time to reflectprevailing approaches to contractual relationships. Against thisbackground a third edition will be welcomed by constructionprofessionals and lawyers alike. Retaining the overall approach ofthe previous editions, the author clarifies, in a highly readablebut legally rigorous way, the many misunderstandings on time anddamages which abound in the construction industry. The thirdedition takes account of a large volume of new case law since theprevious edition was published over ten years ago, includes a newchapter on delay analysis and features significantly expandedchapters on penalty clauses, the effects of conditions precedentand time-bars, and the complexities of causation.

This is a straight forward jargon-free practical guide about all aspects of extensions of time for all construction industry professionals. An extension of time is an issue which most architects and other construction professionals face sooner or later in their career. It is a complex area where the professional administering the contract must act in accordance with the contract conditions andfailure to do so will potentially land the professional and/or his client in court. Throughout the guide the information is presented in a way that is immediately accessible, useful and related to the latest JCT Contracts. Tables, graphs and a glossary are used to help the reader navigate through chapters on liquidated damages, terms under standard contracts, notification of delay, supply of information, assessment, concurrent delays and ethical issues. The authors have clarified potentially complex issues with short, relevant examples drawn from case law and have defined difficult concepts in easy-reference text boxes. This Good Practice Guide is a friendly reference tool for all architects or other professionals charged with assessing extensions of time.

Part of the Construction Companion series, Extensions of Time is a jargon-free, straightforward, practical handbook about all aspects of extensions of time, and aimed at construction industry professionals. Tables, graphs and a glossary help the reader to navigate through chapters on liquidated damages, grounds for extensions of time under standard contracts, notification of delay, supply of information, assessment, concurrent delays, ethical issues and the use of computers. The Construction Companion series examines specific processes in the construction of buildings.

Calculating construction damages can be complex and confusing. Written by recognized experts in the area of construction claims, Aspen Publishersand’ Calculating Construction Damages is a one-of-a-kind resource providing step-by-step guidelines for valuing a claim and calculating damages. Calculating Construction Damages keeps you completely up-to-date with the changes in the construction industry, and provides new and updated coverage on: Reductions in scope through deductive changes The meaning and explanation of acceleration The use of the actual cost method and the total cost method to calculate damages The effectiveness of expanding on productivity analysis. The definition of home office overhead costs and the use of the Eichleay formula. The most recent assessment of attorneysand’ fees on Miller Act claims Only Aspen Publishersand’ Calculating Construction Damages leads you through every step you need to take in order to reach an accurate assessment of construction damages. Complete coverage includes: General Principles of Damage Calculation Labor Costs Equipment and Small Tool Costs; Additional Equipment Costs Material Costs Bond and Insurance Costs Home Office Overhead Calculating Construction Damages is organized by type of damage rather than type of claim. Its clear, mathematical techniques will enable you to value any claim and accurately calculate damages.

This practical, user-friendly guide for construction professionals and lawyers deals with extensions of time, and includes examples for detailed submissions, helpful charts, graphics and electronic templates.

- Introduction to engineering contracts - Forming the engineering contract - Engineer's role - General obligations - Payment - Commencement time and delays - Certificates - Determining the engineering contract - Claims - Litigation and dispute resolution - Insurance - Indemnities, guarantees and bonds - Sub-contracts - Professional services contract - Appendices