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ProjectMonk – | Project Management | Construction Management | Management |Project Management Construction Management Management. Liquidated Damages on Construction Contracts. As a professional in the contracting industry, you will hear the term Liquidated Damages or LD as it is popularly called. The below note describes liquidated damages with reference to construction contracts. Liquidated damages are the amount of damages that the contracting parties agree beforehand against breach of the contract like delay in execution of works. As a contractor your aim should be to manage...
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