Performance bonds and liquidated damages

Vendor performance and liquidated damages

Deliveries beyond specified delivery dates/liquidated damages

uniform rules on liquidated damages and penalty clauses

Several decisions enforce contract terms limiting or liquidating damages.

However, the liquidated damages of the contract were not implemented.

The Panel recommends no compensation for liquidated damages.

However, the requirement for liquidated damages had not been enforced.

The Procurement Division has already applied the liquidated damages clause in levying more than $600,000 on contractors as liquidated damages for delays in performance and/or delivery.

The inclusion of liquidated damages is particularly appropriate for outsourced contracts.