The Defense Federal Acquisition Regulation Supplement outlines rules for using liquidated damages clauses in construction contracts over $550,000. It states that the FAR 52.211-12 clause for liquidated damages should be included in all construction contracts exceeding $550,000, except for cost-plus-fixed-fee or variable pace contracts. Its use is optional for contracts at or below $550,000.
The Defense Federal Acquisition Regulation Supplement outlines rules for using liquidated damages clauses in construction contracts over $550,000. It states that the FAR 52.211-12 clause for liquidated damages should be included in all construction contracts exceeding $550,000, except for cost-plus-fixed-fee or variable pace contracts. Its use is optional for contracts at or below $550,000.
The Defense Federal Acquisition Regulation Supplement outlines rules for using liquidated damages clauses in construction contracts over $550,000. It states that the FAR 52.211-12 clause for liquidated damages should be included in all construction contracts exceeding $550,000, except for cost-plus-fixed-fee or variable pace contracts. Its use is optional for contracts at or below $550,000.
(Revised December 19, 2006) 211.503 Contract clauses. (b) Use the clause at FAR 52.211-12, Liquidated Damages--Construction, in all construction contracts exceeding $550,000, except cost-plus-fixed-fee contracts or contracts where the contractor cannot control the pace of the work. Use of the clause in contracts of $550,000 or less is optional.