Bonus Clause

Revision [566]

Last edited on 2010-04-08 18:11:20 by MicroZeta
Additions:
The Bonus Clause is an optional part in the Owner-Contractor agreement. This clause states that compensation shall be granted to the contractor if the project is completed before the expected completion date.
Depending on the jurisdiction, it is likely the Owner-Contractor agreement cannot have a bonus clause without also a penalty clause, known as [[LiquidatedDamages Liquidated Damages]].
Deletions:
The Bonus Clause is an optional part in the Owner-Contractor agreement. This clause states in the [[http://www.mightystudents.com sample essay]] that compensation shall be granted to the contractor if the project is completed before the expected completion date.
Depending on the jurisdiction, it is likely the [[http://www.lectlaw.com/forms/f108.htm Owner-Contractor agreement]] cannot have a bonus clause without also a penalty clause, known as [[LiquidatedDamages Liquidated Damages]].


Revision [544]

Edited on 2009-06-04 18:44:50 by KcCuneta [minor edit only]
Additions:
The Bonus Clause is an optional part in the Owner-Contractor agreement. This clause states in the [[http://www.mightystudents.com sample essay]] that compensation shall be granted to the contractor if the project is completed before the expected completion date.
Depending on the jurisdiction, it is likely the [[http://www.lectlaw.com/forms/f108.htm Owner-Contractor agreement]] cannot have a bonus clause without also a penalty clause, known as [[LiquidatedDamages Liquidated Damages]].
Deletions:
The Bonus Clause is an optional part in the Owner-Contractor agreement. This clause states that compensation shall be granted to the contractor if the project is completed before the expected completion date.
Depending on the jurisdiction, it is likely the Owner-Contractor agreement cannot have a bonus clause without also a penalty clause, known as [[LiquidatedDamages Liquidated Damages]].


Revision [480]

The oldest known version of this page was created on 2007-08-06 16:33:52 by MicroZeta

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