Tag: Liquidated Damages

EOT Claim and Prolongation Cost Claim – The Basic Concepts

Purpose of EOT It is often incorrectly thought that entitlement to an EOT automatically carries with it an entitlement to compensation for prolongation costs during the period of the EOT. The main effect of an EOT is that the Contractor is relieved of its liability for liquidated damages during the period of the extension and... Continue Reading →

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Basic Concepts and Principles of Construction Claims

1. Introduction 1.1. Construction Claims What is Construction Claims? A construction claim is the assertion of a right demanding either additional time or/and payment due to the result of an action. It is possible to meet construction claims in all construction projects. Why do Construction Claims occur? Clients, contractors, and subcontractors of this environment try... Continue Reading →

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