What the liquidated damages cap leaves out

Anyone pricing public work knows this. The liquidated damages never sit in one note. A rate and a cap up front, then more in the traffic plan and the specs, often uncapped. The week before the letting, the cap gets priced and the rest turns up when the job runs late.

One case on our Try page: a bridge replacement bid proposal. Yesper pulled every liquidated damages provision in the bid set into one register: 14 charges, and the overall cap covers 3 of them. One note charges a late payroll by the week, then caps itself at a fraction of one week.

You price the exposure you actually carry, and the conflicts become pre-bid questions instead of a claim later. Same for the rest of the Try page: a contract risk map, three front ends compared provision by provision, change order potential in a bid package.

Try it yourself →