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GLOSSARY
Liquidated and ascertained damages (LADs or LDs) definition
Published by a LexisNexis Construction expert
What does Liquidated and ascertained damages (LADs or LDs) mean?
An agreed rate of damages to be paid by the contractor to the employer in the event of a particular breach of contract—most commonly delay to the completion of the works. Other types of LADs include performance LADs and target internal area LADs. The agreed rate for delay LADs is usually a rate per day or week of delay and starts from the date for completion.
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