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Liquidated damages calculator
What is a late finish costing per day, and where does it cap?
$
$
Your LD exposure
$60,000
LD rate$5,000 / day
Days late12 days
Uncapped exposure$60,000
Cap$250,000
Exposure$60,000
Cap reached at50 days
Liquidated damages are deducted from what you are owed for every day past practical completion. An extension of time granted for a qualifying delay moves the date out and reduces this directly.
General guidance only. The LD rate, any cap and your extension of time entitlement depend on your contract, read the clause you signed.
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