Understanding Liquidated Damages in Contracts

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What is the purpose of the resolution passed by the Members of the GOVERNMENT PROCUREMENT POLICY BOARD?

To consider adopting the amendments to Annexes “D” and “E” of the 2016 revised IRR of RA No. 9184

What date did the resolution mentioned in the text take effect?

27th day of February 2020

Which department issued the GPPB Resolution No. 05-2019 dated 08 March 2019?

Department of Budget and Management

What are Annexes “D” and “E” related to in the context of the 2016 revised IRR of RA No. 9184?

Contract Implementation Guidelines for procurement of goods and infrastructure projects

Which sector does the PRIVATE SECTOR REPRESENTATIVE belong to?

Private sector

What was mentioned as being attached hereto as Annex “A'' in the resolution?

"Amendments to Annexes D and E''

Who confirmed, adopted, and approved the amendments to Annexes “D” and “E'' in the text?

Members of the GOVERNMENT PROCUREMENT POLICY BOARD

What does IRR stand for in "2016 REVISED IMPLEMENTING RULES AND REGULATIONS (IRR) OF REPUBLIC ACT (RA) NO. 9184''?

"Implementing Rules and Regulations"

"Contract Implementation Guidelines for the Procurement of Goods, Supplies and Materials'' are covered in which annex of the 2016 revised IRR of RA No. 9184?

"Annex D"

"Contract Implementation Guidelines for the Procurement of Infrastructure Projects'' are covered in which annex of the 2016 revised IRR of RA No. 9184?

"Annex E"

Learn about liquidated damages in contracts, including the maximum percentage allowed and the consequences if this limit is exceeded. Explore the implications of liquidated damages on contracts and the actions that can be taken by the procuring entity.

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