Ce Laws Contracts And Ethics2D
Construction Contracts - Examples & Applications - Liquidated Damages Calc
Understanding construction contracts, their essential elements, types, and validity.
Open the complete lessonLiquidated Damages Calculator
In government infrastructure projects (RA 9184), liquidated damages are typically set at 1/10 of 1% of the cost of the unperformed portion for every day of delay. Once the cumulative amount reaches 10% of the contract amount, the procuring entity may rescind the contract.
Damages per Day (0.1%):₱10,000
Total Liquidated Damages:₱150,000
10% Maximum Threshold:₱1,000,000