Contracts & ExecutionQuestion 202 of 1605
A 'no-damage-for-delay' clause in a contract typically:
a.Requires the owner to pay the contractor extra for every delay
b.Limits the contractor to a time extension, not money, for certain delays
c.Guarantees the contractor a bonus for early completion
d.Voids the contract whenever a delay occurs
Explanation
A no-damage-for-delay clause provides that, for covered delays, the contractor's sole remedy is additional time to perform, not monetary compensation for delay costs.
Practice all 1605 questions free — no signup required.
Related questions on this topic
- An AIA-style "Application and Certificate for Payment" (commonly G702/G703) is used to:
- A contractor budgets a job at $250,000 total cost and is 60% complete. To stay on budget, total spending to date should be approximately:
- A homeowner signs a home improvement contract at the contractor's place of business after visiting the showroom. Which statement is most accurate?
- An indemnification (hold harmless) clause in a construction contract generally:
- A home improvement contract must disclose the contractor's license number primarily so that the homeowner can:
- A subcontract should clearly state the scope of work primarily to:
Last reviewed: · editorial process
Sen Lin, PrepPass Founder · Verified against California CSLB Contractor License Law & Business Exam · How we review
Reviewed by Abraham Chen — Licensed California General Contractor (CSLB License #1101856 — verify)