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Owners can defend versus construction delays using a liquidated damages clause inside their arrangement. In lieu of litigating damages in court docket, the owner as well as the contractor can agree with a liquidated damages amount ahead of time.

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Budgeting and procurement: Finalizing the job budget and procuring important materials and companies.

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In a unit value contract, the contractor is compensated based upon the amount of certain merchandise or units of labor concluded. Device price ranges are predetermined and laid out in the agreement.

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