The contract is for the construction of pickleball courts, with a contract amount of $116,250. The work is to be substantially completed within 150 consecutive calendar days, and final completion is to occur 30 days thereafter. The contract includes a provision for liquidated damages of $300 per day for each day the work remains incomplete after the final completion date. The key points of this contract include:
• The contract amount is $116,250.
• The work must be substantially completed within 150 consecutive calendar days.
• Final completion is to occur 30 days after substantial completion.
• Liquidated damages of $300 per day will be assessed for each day the work remains incomplete after the final completion date.
This contract is relevant to companies specializing in construction, particularly those with experience in building sports facilities.