Business, 12.03.2020 02:19 zakarycrane8101

In a construction contract worth $10,000,000, there is a $1000 per day estimate of damages for each day that the contract runs over the completion date. The contractor is 30 days late when the job is completed, resulting in a prospective damage award of $30,000. What is this type of clause, and when will it be enforced?

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In a construction contract worth $10,000,000, there is a $1000 per day estimate of damages for each...