Section 11.29 Limitation of Consequential Damages
| Library | Construction Law 2016 Supp |
I. (§11.29) Limitation of Consequential Damages
Consequential damages are damages that do not directly or necessarily result from the claimed act or event. An owner’s lost revenue because of late completion of a project or additional rents or leased space expenses incurred because of late completion of a project are examples of consequential damages. An example of a clause dealing with a claim for consequential damages can be found at AIA Document B141-1997, Standard Form of Agreement Between Owner and...
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