Haw. Code R. § 3-125-20 - Liquidated damages for construction contracts
The following statement captioned "Liquidated damages" may be used in construction contracts when it is difficult to determine with reasonable accuracy damage to the State due to delays cause by late contractor performance or nonperformance:
"Liquidated damages. When the contractor fails to complete the work or any portion of the work within the time or times fixed in the contract or any extension thereof, it is agreed the contractor shall pay to the State the amount of [$ ] per calendar day of delay."
Notes
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