What is a contract liquidated damages clause


Question 1: Discuss the concept of procurement as being "a project within a project."

Question 2: What is a contract liquidated damages clause? What fundamental purpose does it serve? What is one of the biggest problem in its enforcement?

Question 3: Discuss the relationship between standards and specifications in the procurement process. Give an example.

Question 4: The preparation of the quality requirements for RFP's is affected by the type of contract pricing that is selected for a particular procurement item." Explain.

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Business Law and Ethics: What is a contract liquidated damages clause
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