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FDOT sp0081000-122.pdf

  • Library: Purchissues
  • Year Created: 2024
  • File Type: PDF
The document outlines the regulations regarding liquidated damages for failure to complete work on a contract within the specified time frame. It references Section 337.18, paragraph (2) of the Florida Statutes, which mandates the payment of liquidated damages by the Contractor to the Department for any delays in completing the work. The liquidated damages for this specific contract include a combination of damages and projected lost toll revenues resulting from the delay in opening the project to revenue-producing traffic. The amount of liquidated damages is determined based on a daily rate per calendar day, with different rates applicable depending on the original contract amount. The document provides a detailed schedule of daily charges per calendar day based on different contract amount ranges, with higher amounts in liquidated damages for larger contracts.
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