This episode is a re-run. It was originally published on June 2022.

Stand out and make a big change for your company! Learn about liquidated and consequential damages, and transform your system. Take action now to make a difference!

Construction Companies doing $5M+, watch this FREE Case Study on how Quantum has helped 8 Construction Companies sign lower risk contracts and boost cashflow & margin: ⁠⁠⁠⁠⁠https://quantumcs.co/casestudy-podcast⁠⁠⁠⁠⁠

If your business is making less than $5M, YOU are why I make all my materials FREE. Get more FREE Training & goodies here: https://constructionsecrets.io

Timestamps:

(2:26) - Liquidated damages are to reimburse them for the costs, the increased costs of construction because of your delay

(3:48) - Agreeing to consequential damages is just something that you should always look for and make sure that you don't agree to

(4;39) - Liquidated damages is a pre-agreed estimate to what those damages would be to save everyone the rigmarole of having to go to court

(5:37) - If you see liquidated damages not filled out, that doesn't mean the liquidated damages are zero

DISCLAIMER: The content of this podcast does not constitute legal advice, is not intended to be a substitute for legal advice, and can not be relied upon as such. You should seek legal advice or other professional advice in relation to any matters you or your business may have.

Follow our Socials and let's get connected! ⤵️

The Difference between Liquidated Damages & Consequential Damages [#ThrowbackThursday] | Ep. 151

Construction Secrets

The Difference between Liquidated Damages & Consequential Damages [#ThrowbackThursday] | Ep. 151