12 Miss. Code. R. 3-2.1-700.34 - ASSESSMENT OF LIQUIDATED DAMAGES
A recommendation will be made by the Professional covering the assessment of damages on any Project running past the completion date and accumulating liquidated damages. The Bureau will, at final closing, assess and enforce liquidated damages on any Project running past the completion date and does not have a Change Order approving an extension of Time.
The Bureau will record the amount of the liquidated damages on the Bureau's Standard Approval Form and deduct this amount from the Contractor's final payment. The Bureau will notify the Contractor of the assessment of liquidated damages.
Notes
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