... damages. So the recommendation given was to accept the liquidated damages for 23 day, which was calculated to be $955,000. It is important to note that there is a fifty percent chance the project will finish on or before the contract deadline. The Board accepted this recommendation for the reasons above along with the knowledge that the cost savings on the steel with longer delivery times was greater than the total liquidated damages. INTRODUCTION Engineering & Construction Incorporated (ECI) of Guyana South America, specializes in the design, fabrication and installation of heavy metal structures. In mid 2002, ECI bid for the supply of a building to replace the Rose Hall Sugar Estate Mill House. The Rose Hall Estate is operated by the Guyana Sugar Corporation (Guysuco), which solicited and evaluated the bid. Approval was granted for the project in September of 2002. However, due to budgetary constraints the project was placed on hold ...

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