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Delay Penalty for Milestones

By Kannan CP
Created 26 Mar 2024 - 09:44
Submitted by Kannan CP on Tue, 2024-03-26 09:44

Hi,

Is there any form of Contract specifically mentioning the Delay Penalty/LDs for not meeting a milestone. In FIDIC -Red Book, in my understanding it is not clearly linked with a milestone, but for the overall works completion.

Appreciate- expert's advices.

Regards

Kannan

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