Hi
Would appreciate any help in calculation of liquidated damages.
The builder has calculated and provided us the liquidated damages of 43 days over contract. which is ridiculous as it took them 18 months to completion the house
The contract provides 285 days for construction which includes inclement weather 15 days, weekends, public holidays, roaster dayoff 66 days
However, the builder is claiming 468 days as the calculated construction build providing us the following
285 contract days
5 variation days
68 additional weather days ( (83 days less 15 days allow)
110 additional days for public holidays, weekend and office closed (176 days less 66 days allow)
468 total contract required to be completed
I was told this means completion date in accordance to the contract is 4/11/2018. Since handover is on 17/12, the # of days over the contract from 4/11 to 17/12 is 43 days.
C
Would really appreciate anyone's insight or advice.
Thank you.