Liquidated Damages

Abstract

LPPs are Local Programs Procedures. These documents are used for the rapid deployment of new procedures and policies between updates of Local Assistance manuals, guidelines and programs. They are numbered according to calendar year and order in which released. This is the 9 th LPP issued in 2004; hence, it is LPP 04-09. PURPOSE The purpose of this LPP is to update the formula and table to accurately estimate the current costs of liquidated damages in Chapter 12 “Plans, Specifications, & Estimates ” of the Local Assistance Procedures Manual (LAPM). Also updated is the “Notice to Contractors Special Provisions ” of the Sample Boiler Plate Contract Documents posted on the Division of Local Assistance Home Page website. Other minor administrative changes have also been made. BACKGROUND The existing formula and table for the calculation of liquidated damages is out of date and does not reflect the current cost of liquidated damages for construction contracts