Monthly Archives: October 2020

Contractor Incentives, The Carrot vs. the Stick, by Kevin O’Beirne

A wry, old joke goes, “The beatings will continue until morale improves.” No one enjoys being threatened before doing anything wrong, yet construction contracts do this to contractors all the time. Contract clauses intended to discourage certain actions or outcomes are common. Among these are liquidated damages and penalties for late completion, special (conditional) damages […]

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