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Rebecca Redhead comments on a judgement surrounding Liquidated Damages clauses

November 13, 2015

Systech's Head of Legal Services, Rebecca Redhead comments on a judgement that will have significant implications to contractors seeking to avoid the imposition of Liquidated Damages clauses.

Introduction:

Liquidated damages are commonly found in construction contracts, most usually in respect of failing to complete Works on time. They are a pre-agreed amount of damages that the innocent party may claim from the breaching party and have the considerable advantage that the party seeking to rely upon them does not have to prove it actually suffered the damage/loss.

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