Interesting read,,,, notice the penalties a company incurs for running over schedule
Tigue Moore Field bid sheet for turf job
Interesting read,,,, notice the penalties a company incurs for running over schedule
Tigue Moore Field bid sheet for turf job
Did many through the years while with Jostens Yearbook company---There were always little thing buried deep inside that could change the whole thing around with adding or subtracting something here or there-----After many years I figured out how the system works!!!!!
Aren't there state laws that prevent liquidated damages from being rewarded for public construction bids? I was told once, public contractors will bold their liquidated damage clause in their contract to keep the citizens happy while there are laws to keep the business from losing money regardless. Politics?
I'm just speculating and don't really have any knowledge on the issue, just wondering.
I'm a fan of penalties, but I'd rather see some bonus option for finishing early.
Liquidated damages are common in most all public construction contracts. Typically there is a sliding per day scale depending on the value of the contract. A smaller contract will have something like $50.00 to $100.00 per day while large contracts can be as high as $2,000.00 per day.
Incentives were used for the I-10 work in Baton Rouge a few years ago, I think it was $1,000.00 per day added to the contract for every day completed ahead of schedule.
I noticed it was a Calendar day contract not working day contract. Should weather be a problem they can request (and usually get) a change order for an extension of time. I'm thinking 90 calendar days should be enough to complete the project. Given that a local contractor is not involved and they ha e to send an out of town or out of state crew in to do the work, I would think that they would want to complete the contract as soon as possible to reduce per diem costs for the workers.
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