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Should we agree to a liquidated damages clause in our construction contract?

In this Hey CFMA! video, Ryan Hiss, Construction Lawyer, Laurie & Brennan LLP, breaks down the definition of a liquidated damages clause and how it impacts your contract. Are you still on the hook for damages caused by your delay if you don't have a liquidated damages clause? Should you agree to a liquidated damages clause? Find out! 

Want to learn more? Explore CFMA's educational opportunities at cfma.org/education. 

To read more about construction contracts, explore the articles on CFMA's Content Hub at cfma.org/content-hub. 

Disclaimer: The information contained herein should NOT be used as a substitute for the advice of a qualified professional. The information provided here is for informational purposes only. This content may not cover all possible scenarios or outcomes, so we encourage you to check with a professional if you have specific questions or concerns regarding your company. CFMA strives to provide accurate and up-to-date information, no guarantee is made to that effect.