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CONSTRUCTION KNOWLEDGE BLOG

April 18, 2013

Best Liquidated Damages Ever
Filed under: Cool Projects — Tags: — nedpelger

If lanes on the Tappan Zee bridge in NYC aren’t kept open during construction, the liquidated damage fine will be $1,500 per minute. ENR reported that Tappan Zee Constructors, the Fluor-led joint venture team, will replace the $3.9-billion Tappan Zee Bridge. There is also a $120,000 per day fine ¬†for each day after April 3, 2018. Those are some serious fines.

The photo below from Wikepedia gives a sense of the current bridge.

I remember in my early days in construction being terrorized by $500/day liquidated damage threats. I guess they were the good old days.