Ned Pelger's blog on construction, design and other weirdness. Email him at ned@constructionknowledge.net
Please help him win his readership competition against his son Lex at the Construction Phone Apps Blog
CONSTRUCTION KNOWLEDGE BLOG
April 18, 2013
Best Liquidated Damages Ever
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.