Thursday, October 6, 2011

Damages for Non-Completion

  • LAD and CNC
  • - If Contractor fails to complete work on completion date ., Architect can issue Certificate of Non-Completion . Contractor shall pay ( based on the sum in appendix ) to Employer as LAD from Completion Date to Date of Practical Completion .
  • Agreed LAD amount
- LAD amount = pre-estimate of loss / damage sufered by Employer .

  • CNC revoked by subsequent Cert of EOT
  • - if Architect issued Certificate of Extension of Time , this cert will revoke ( cancel ) off CNC .

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