{
  "query": "UK construction industry liquidated damages average cost per day 2024 2025",
  "claims": [
    {
      "claim": "A reasonable amount for liquidated damages in construction is often cited as $20-$25 per day for every $100,000 of the contract price.",
      "verbatim_quote": "For example, $20-$25 per day for each $100,000 of the contract price would be considered a reasonable amount.",
      "source_url": "https://www.procore.com/library/liquidated-damages-construction",
      "relevance": "high"
    },
    {
      "claim": "Liquidated damages are typically calculated as a fixed monetary amount stated in the Contract Data for every day that elapses between the completion deadline and the actual completion date.",
      "verbatim_quote": "delay damages are stipulated as a fixed monetary amount stated in the Contract Data, payable by the contractor to the employer for every day which shall elapse between the relevant Time for Completion and the Date of Completion.",
      "source_url": "https://chambers.com/articles/liquidated-damages-under-the-2025-law-on-construction",
      "relevance": "medium"
    },
    {
      "claim": "Under FIDIC standard contract forms, it is common practice to suggest liquidated damages be set as a percentage of the final account value of the project.",
      "verbatim_quote": "under FIDIC standard contract forms, when drafting the liquidated damages clauses for delay in construction progress, parties are commonly advised to stipulate liquidated damages as a percentage of the project’s final account value",
      "source_url": "https://chambers.com/articles/liquidated-damages-under-the-2025-law-on-construction",
      "relevance": "medium"
    }
  ],
  "market_context": "- [HIGH] A reasonable amount for liquidated damages in construction is often cited as $20-$25 per day for every $100,000 of the contract price. (source: https://www.procore.com/library/liquidated-damages-construction)\n- [MEDIUM] Liquidated damages are typically calculated as a fixed monetary amount stated in the Contract Data for every day that elapses between the completion deadline and the actual completion date. (source: https://chambers.com/articles/liquidated-damages-under-the-2025-law-on-construction)\n- [MEDIUM] Under FIDIC standard contract forms, it is common practice to suggest liquidated damages be set as a percentage of the final account value of the project. (source: https://chambers.com/articles/liquidated-damages-under-the-2025-law-on-construction)"
}