{
  "query": "NEC4 contract schedule delay liquidated damages benchmarks steel industry",
  "claims": [
    {
      "claim": "Under the NEC4 Engineering and Construction Contract, secondary option X7 establishes the framework for delay damages, which must be clearly stated in the contract data.",
      "verbatim_quote": "Within the NEC4 Engineering and Construction Contract, secondary option X7 establishes the framework for the operation of delay damages. ... The rate of damages must also be clearly stated in the contract data.",
      "source_url": "https://danielcms.co.uk/publications/news-blog/99-delay-damages-secondary-option-x7-of-the-nec4-engineering-and-construction-contract",
      "relevance": "medium"
    },
    {
      "claim": "NEC4 delay damages require the contractor to pay at the rate stated in the contract for each day from the completion date until completion, take over, or termination.",
      "verbatim_quote": "Clause X7.1 provides that the contractor pays delay damages at the rate stated in the contract data for each day from the completion date until the earlier of: completion, the date of take over and the issue of a termination certificate.",
      "source_url": "https://danielcms.co.uk/publications/news-blog/99-delay-damages-secondary-option-x7-of-the-nec4-engineering-and-construction-contract",
      "relevance": "medium"
    },
    {
      "claim": "Delay damages in NEC contracts must be based on a genuine calculation of damages to avoid being classified as an unenforceable penalty.",
      "verbatim_quote": "Delay damages are not a penalty, they must be based on a genuine calculation of damages. If they are not genuine, they may be considered a penalty by the courts and so will be unenforceable.",
      "source_url": "https://www.designingbuildings.co.uk/wiki/Delay%20damages",
      "relevance": "medium"
    }
  ],
  "market_context": "- [MEDIUM] Under the NEC4 Engineering and Construction Contract, secondary option X7 establishes the framework for delay damages, which must be clearly stated in the contract data. (source: https://danielcms.co.uk/publications/news-blog/99-delay-damages-secondary-option-x7-of-the-nec4-engineering-and-construction-contract)\n- [MEDIUM] NEC4 delay damages require the contractor to pay at the rate stated in the contract for each day from the completion date until completion, take over, or termination. (source: https://danielcms.co.uk/publications/news-blog/99-delay-damages-secondary-option-x7-of-the-nec4-engineering-and-construction-contract)\n- [MEDIUM] Delay damages in NEC contracts must be based on a genuine calculation of damages to avoid being classified as an unenforceable penalty. (source: https://www.designingbuildings.co.uk/wiki/Delay%20damages)"
}