Step 29: Liquidated Damages

Liquidated damages shall be deducted at the rate per day stated in the Special Conditions of Contract (0.05% of the contract amount) for each day if work is not completed by the Completion Date, however maximum LD could be incurred is upto 10%of the contract amount, refer ▬►PPR-2007, Rule121 ; SBD (for medium contract for construction of bridge) Section IV GCC: clause 48 Liquidated Damages