Liquidated damages


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Related to Liquidated damages: Unliquidated damages
(Law) damages the amount of which is fixed or ascertained.
- Abbott.

See also: Liquidate

References in periodicals archive ?
" The audit body pointed out that under Republic Act 9184 or the Government Procurement Reform Act and its Revised Implementing Rules and Regulations (RIRR), "no bidding and award of contract for infrastructure projects shall be made unless the detailed engineering investigations, surveys and designs, including the acquisition of the ROW, for the project have been sufficiently carried out and duly approved in accordance with the standards and specifications prescribed by the Head of the Procuring Entity." The audit body said that despite the failure of the contractors to perform their obligations on time, the NIA did not impose any monetary sanctions against them such as payment of liquidated damages (LDs) or forfeiture of their security bonds.
"Several contracts with an aggregate amount of P684.42 million were not terminated in due time resulting in the accumulation of uncollected liquidated damages of P74.304 million and non-forfeiture of P208.899 million performance security, depriving the government of the compensation it suffered from the suppliers' default," COA said in the 2018 annual audit report for PS-DBM.
Sullivan will get unpaid overtime of $523 for 48 hours, plus $523 in liquidated damages for a total of $1,046.
The report recommends that 'liquidated damages' should be imposed on the contractor if he asks for extension as the required funds were provided to him against the project.
Sinai Center for Rehabilitation and Healthcare, a nursing and rehabilitation center in Newark, will pay $130,000 in back wages and an equal amount in liquidated damages to 174 employees to resolve violations of overtime and record keeping provisions of the Fair Labor Standards Act.Sinai Center for Rehabilitation and Healthcare, a nursing and rehabilitation center in Newark, will pay $130,000 in back wages and an equal amount in liquidated damages to 174 employees to resolve violations of overtime and record keeping provisions of the Fair Labor Standards Act.
After a home health care worker established that her employer failed to compensate her for overtime, the Eastern District of Virginia court found her entitled to unpaid overtime, liquidated damages and attorney's fees under FLSA.
Employees cannot only claim their owed back wages, they can also claim liquidated damages in the same amount, and court costs and attorney's fees.
" A document uploaded on the official website of the Punjab government states, "the damages arising out of delay in the project include rate of liquidated damages at the rate of 0.2 per cent (minimum) to 10 per cent (maximum) of the total contract price of the project's civil work, local contractors' idling charges etc.
After 2016's glitches, the education agency forced ETS to pay $5.7 million in "liquidated damages" and asked it to invest $15 million of its own money to address the numerous logistical issues that plagued test-takers that spring, including online testing and shipping, test scoring and reporting results.
The net profit of RO9.98mn in 2017 is lower than the RO 8.46mn in 2016 mainly due to the recognition of liquidated damages and the impact by the amendment to the corporate income tax law in the Sultanate.
The liquidated damages is equivalent to the value of monthly rental.