[TCUG] Re: MF/1 Contract - Liquidated Damages
- From: Keith Jennings <KPJennings@xxxxxxxxxxxxxxx>
- To: "'tcug@xxxxxxxxxxxxx'" <tcug@xxxxxxxxxxxxx>
- Date: Fri, 29 Oct 2004 12:21:35 +0100
Dave
We have only gone to tender once with MF/1, and did struggle with =
suitable
percentages. I agree with Peter's statement about the figures standing =
up
in law.
We used the following on a contract value of approx =A3100,000:
SUB-CLAUSE 34.1
Percentage of Contract Value to be paid
or deducted for each week of delay. 1%
Maximum percentage of Contract Value
which payments or deductions shall
not exceed. 10%
I hope this helps.
Regards
Keith
-----Original Message-----
From: Kinnaird, Dave [mailto:D.Kinnaird@xxxxxxxxxxxxxx]
Sent: 28 October 2004 08:42
To: 'tcug@xxxxxxxxxxxxx'
Subject: [TCUG] MF/1 Contract - Liquidated Damages
I am trying to gather some information on what value other authorities
define within their contracts for the following Clause in MF/1 tenders
Clause 34.1
. Delay in Completion for Percentage of contract to be paid or
deducted for each week of delay %
=20
. Maximum percentage of contract vale which payments or deductions
shall not exceed %
. Maximum loss recoverable by the purchaser for prolonged delay %
Any feedback would be appreciated.
Dave
=09
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