Types of Construction Contracts
Construction contracts are often classified by how the price is determined and how risks are allocated. Use the interactive tool below to explore the differences.
FIDIC Contract Books
Compare the different FIDIC conditions of contract used internationally.
Comparing: Red Book
Contract Documents
Hierarchy of Contract Documents
0 of 5 Steps CompletedLiquidated Damages
Liquidated Damages Calculator
In government infrastructure projects (RA 9184), liquidated damages are typically set at 1/10 of 1% of the cost of the unperformed portion for every day of delay. Once the cumulative amount reaches 10% of the contract amount, the procuring entity may rescind the contract.
Example
Problem: A contractor is delayed by 20 days on a PHP 15,000,000 government infrastructure project. Calculate the total liquidated damages.
Liquidated Damages Calculation
0 of 3 Steps CompletedLiquidated Damages: Max Limit Rescission
Example
Problem: A contractor is delayed by 150 days on a PHP 25,000,000 commercial building project. The contract follows standard government conditions (RA 9184 IRR) where the maximum threshold for damages is . Calculate the liquidated damages and determine if the contract can be rescinded.
Advanced Liquidated Damages
0 of 3 Steps CompletedLiquidated Damages: Unfinished Portion Calculation
Example
Problem: A contractor finishes a PHP 50,000,000 highway project, but leaves a small PHP 2,000,000 section uncompleted. The project is delayed by 30 days. The contract specifies that liquidated damages are applied only to the cost of the uncompleted portion for every day of delay. Calculate the damages.