Penalty Clause
A provision in a contract that provides for a reduction in the amount otherwise payable to a contractor under a contract as a penalty for failure of the project to meet contract specifications or for failure to meet deadlines.
A provision in a contract that provides for a reduction in the amount otherwise payable to a contractor under a contract as a penalty for failure of the project to meet contract specifications or for failure to meet deadlines.
| TOP 10 |
1. Builders
2. Scaffolding
3. Contractors
4. Architects
8. Bricklayers
10. Extensions
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