isurv

Damages for delay to completion

Damages for delay to completion

This guidance note introduces the subject of damages for delay to completion by looking at the general principles including areas such as law; reasons for introduction within a contract; amounts of damages, and how sums are deducted, certified or released.

The guidance note then focuses on how the standard forms of contract deal with damages. A list of the contracts reviewed is included within the table of contents. For liquidated damages this includes how amounts are inserted in the contract and how this is to be deducted or certified.

The guidance note concludes with a review of common issues and commonly occurring problems.

Guidance is given for each of the main groups of contracts and the forms in most regular use within those groups, under the following headings which conform to the Assessment of Professional Competence (APC):

  • General principles (Level 1 – Knowing)
  • Practical application (Level 2 – Doing)
  • Practical considerations (Level 3 – Doing/Advising)

This part of the RICS QS and construction standards has the same status as an RICS guidance note.