Bitesize Barton: Liquidated Damages
In this bitesize episode, Bill Barton delivers a clear explanation of liquidated damages in construction contracts and their practical application.Bill defines liquidated damages as pre-determined sums that contractors must pay to employers when failing to complete projects on time or meet specific contractual obligations.He walks listeners through the essential steps for properly claiming these damages, including:Issuing proper notification to the contractorConducting thorough delay assessmentCarefully monitoring any extensions of timeValidating claim legitimacyServing formal claims according to contractual requirementsThe episode also explores potential defences contractors might employ, such as:Seeking extensions of timeDemonstrating mitigation effortsChallenging the damages as an unenforceable penalty clause (though Bill notes this strategy rarely succeeds)Bill emphasises the critical importance of adhering to contractual notice requirements and recommends seeking professional legal guidance when navigating these complex matters.More Barton LegalBarton Legal website - https://bartonlegal.com/Bill on LinkedIn - https://www.linkedin.com/in/bill-barton-bartonlegal/Barton Legal on LinkedIn - https://www.linkedin.com/company/barton-legal-limited/Register for our next webinar or replay our recent ones - https://bartonlegal.com/site/webinars/up_and_coming