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Damages for delay to completion [electronic resource]

By: Language: English Series: RICS Practice Information | RICS Black BookPublication details: London, RICS, May 2024Edition: 2ndDescription: 27pISBN:
  • 9781783215256
Subject(s): Online resources: Summary: Originally published as a guidance note in 2011 this document has been rewritten as practice information, so as to account for changes in legislation, case law and construction contracts introduced since 2011. This practice information introduces the subject of damages for delay to completion, looking at the general principles, including law, reasons for introduction within a contract, amounts of damages, and how sums are deducted, certified or released. The practice information then focuses on how the standard forms of contract deal with damages. For liquidated damages this includes how amounts are inserted in the contract and how this is to be deducted or certified. Guidance is given for each of the main groups of contracts and the forms in regular use in those groups, under the headings: general principles; practical application; practical considerations.
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Online material Virtual Online Available

Replaces 1st edition ISBN 9781842197080

Originally published as a guidance note in 2011 this document has been rewritten as practice information, so as to account for changes in legislation, case law and construction contracts introduced since 2011. This practice information introduces the subject of damages for delay to completion, looking at the general principles, including law, reasons for introduction within a contract, amounts of damages, and how sums are deducted, certified or released. The practice information then focuses on how the standard forms of contract deal with damages. For liquidated damages this includes how amounts are inserted in the contract and how this is to be deducted or certified. Guidance is given for each of the main groups of contracts and the forms in regular use in those groups, under the headings: general principles; practical application; practical considerations.