Substantial completion is 12 days after the original date, but a 5-day time extension is approved. Liquidated damages are $2,400/day. What liquidated damages amount remains?
Correct Answer
D) $16,800
Compensable late days after the approved extension are 12 - 5 = 7 days. Liquidated damages are 7 x $2,400 = $16,800. Other choices use five, twelve, or seventeen days.
Why This Is the Correct Answer
Compensable late days after the approved extension are 12 - 5 = 7 days. Liquidated damages are 7 x $2,400 = $16,800. Other choices use five, twelve, or seventeen days.
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