7. Delays, Suspensions, Terminations & Extensions

Try these first

1. 1.

   What is an excusable delay?

   Hint

   Think about events that can't be controlled.

2. 2.

   What does termination for convenience mean?

   Hint

   It’s about having flexible exit options.

3. 3.

   What is the definition of a force majeure event?

   • A contract breach
   • An unforeseen event
   • Normal project delay

   Hint

   Think about events that are out of control.

4. 4.

   True or False: Liquidated damages are penalties for contractual breaches.

   • True
   • False

   Hint

   Reflect on the difference between the two terms.

5. 5.

   Imagine you are a contractor who has faced an unexpected health crisis disrupting work. Discuss the steps you would take to manage this situation regarding delays and documentation.

   Hint

   Focus on communication and thorough documentation.

6. 6.

   Evaluate how a company can protect itself from potential liquidated damages when engaged in contracts that might face numerous uncertainties.

   Hint

   Think about clarity in terms and contingencies.