Computer · Contracts and Tenders
In construction contracts, 'liquidated damages' refers to the:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Damages to walls, plasters, and paints caused by water logging or rain leakage
- 2Penalty cost required to rectify dampness in buildings arising from heavy rainfall
- 3Penalty cost imposed to correct sub-standard quality of completed work
- 4Pre-estimated compensation or penalty for delaying the work beyond the agreed completion date✓
Correct answer
Pre-estimated compensation or penalty for delaying the work beyond the agreed completion date
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