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2 cards from this section. Quick, good the night before a test.
What is delay analysis?
Think about why we need to review delays.
What are liquidated damages?
Recall the difference between liquidated damages and penalties.
What is the primary purpose of delay analysis?
Consider what you analyze when things don't go as planned.
True or False: Liquidated damages are always considered penalties.
Think about the purpose of liquidated damages in contracts.
In a scenario where a contractor is five days late due to a hurricane and an additional five days late due to faulty project management, break down how you would analyze and document this delay.
Classify delays and gather evidence appropriately.
Consider a contract with a clause for liquidated damages of $1,000 per day. If a new regulation delays the project for ten days, how would you approach the claim for compensation?
Focus on the nature of the delay and gather supporting evidence.
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