Share this site with del.icio.us Share this site with furl Share this site with stumbleupon Share this site with google Add this site to Yahoo Bookmarks Click here to add us to your favorites Subscribe to our Feed





penalty and bonus clause

Definition

Provision in a contract under which the contractor is obligated to pay a penalty for late completion and is entitled to receive a bonus for early completion.

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z