P&L HW 5 - 09/25/07 CEE 4804 Case 5: Johnson Steel v....

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
09/25/07 CEE 4804 Case 5: Johnson Steel v. Transportation Authority Overview: In this case Johnson Steel was contracted by Transportation Authority to furnish, erect, and paint structural steel for a portion of the South Route Highway. This bridge is 1,815 feet long and has 22 spans. Transportation Authority wants this project to be completed on time, so they put a liquidated damages clause in the contract that specifies that for every day the project is not complete Johnson Steel will be charged $3000. The money will be deducted from what Johnson Steel is owed. Key Facts: Johnson Steel asked for a time extension when it became evident that the project was going to extend past the completion date. Johnson Steel was given 63 extra days to complete their part of the contract. Johnson Steel did not complete the job until 52 days after the 63 day extension, which resulted in them being charged $3000 per day for the 52 days, or $156,000 total. Johnson Steel took responsibility for the extra 52 days, but feel that they should not have to pay the
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 04/17/2008 for the course CEE 4804 taught by Professor Adsonger during the Fall '07 term at Virginia Tech.

Page1 / 2

P&L HW 5 - 09/25/07 CEE 4804 Case 5: Johnson Steel v....

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online