The contract sets liquidated damages at $1,500 per calendar day. If substantial completion is 7 days late, what amount is assessed?
Correct Answer
B) $10,500
Liquidated damages are 7 days x $1,500/day = $10,500. Other choices use five, six, or eight days rather than the stated seven-day delay.
Why This Is the Correct Answer
Liquidated damages are 7 days x $1,500/day = $10,500. Other choices use five, six, or eight days rather than the stated seven-day delay.
Why the Other Options Are Wrong
Option A: $7,500
liquidated damages, choice b: $7,500 backs into 5 when divided by $1,500; the accepted setup gives 7 on that same base.
Option C: $9,000
liquidated damages, choice c: $9,000 backs into 6 when divided by $1,500; the accepted setup gives 7 on that same base.
Option D: $12,000
liquidated damages, choice d: $12,000 backs into 8 when divided by $1,500; the accepted setup gives 7 on that same base.
Memory Technique
Picture a stormwater map labeled liquidated damages: finish every operation before accepting $10,500.
Reference Hint
Open NASCLA Contractors Guide to Business, Law and Project Management, 14th Ed.; use the index entry or section for "Liquidated-damages calculation" to confirm that Liquidated damages are 7 days x $1,500/day = $10,500.
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