A contract assesses $1,500 per calendar day of delay. If completion is 8 days late, what liquidated damages amount is assessed?
Correct Answer
A) $12,000
Liquidated damages are 8 x $1,500 = $12,000.
Why This Is the Correct Answer
Liquidated damages are 8 x $1,500 = $12,000.
Why the Other Options Are Wrong
Option B: $8,000
liquidated damages, choice a: $8,000 backs into 5.33 when divided by $1,500; the accepted setup gives 8 on that same base.
Option C: $10,500
liquidated damages, choice b: $10,500 backs into 7 when divided by $1,500; the accepted setup gives 8 on that same base.
Option D: $18,000
liquidated damages, choice d: $18,000 backs into 12 when divided by $1,500; the accepted setup gives 8 on that same base.
Memory Technique
Store liquidated damages with its last math move; nearby answers are usually unfinished versions of $12,000.
Reference Hint
Open NASCLA Contractors Guide to Business, Law and Project Management, 14th Ed.; use the index entry or section for "liquidated damages" to confirm that Liquidated damages are 8 x $1,500 = $12,000.
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