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Tag: delay damages

All articles tagged with "delay damages".

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Blueprint style graphic: cumulative delay damages on an 850,000 pound order against weeks late: half a percent a week capped at 7.5 percent, one percent a week capped at 10 percent, and the buyer's standby cost rising above both
Contracts & Post AwardFor everyone

Liquidated Damages for Late Equipment Delivery: Rates, Caps and a Worked Example

How liquidated damages for late delivery work in equipment contracts: how UK courts treat them, how to set the rate and cap, what the clause must say, and a worked example with Orgalim terms.

7 min read