Liquidated damages set at £8,500 per week
Delay damages are levied at £8,500 per week or part week, capped at 10% of the contract sum.
Value: £8,500 / week, capped at 10%
Suggested action: Check the cap against your programme risk allowance before pricing.
“Liquidated damages shall be payable at the rate of £8,500 per week or part thereof, subject to an aggregate cap of 10% of the Contract Sum.”
