Liquidated and Ascertained Damages

Liquidated and Ascertained Damages (LAD) definition

/ˈlɪkwɪdeɪt//ənd//ˌasəˈteɪn//ˈdamɪdʒ/

What does Liquidated and Ascertained Damages mean?

An agreed rate of damages paid by the contractor to the employer for a particular breach of contract—most commonly delay to completion of the works (usually a rate per day or week of delay). Other types of LADs include performance LADs and target internal area LADs.

Variances

LAD
LADs

Related documents:

Glossary terms:

Jump to letter down arrow icon
#
A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
X
Y
Z

Related documents:

Glossary terms:

Jump to letter down arrow icon
#
A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
X
Y
Z

Popular documents