liquidity damages
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 June 2010
What is meant by liquidity damages. How is it treated in Accounts. what is the impact on Costing records.
CMA Ramesh Krishnan
(Expert)
04 June 2010
Liquidity damages is Penalty deducted by a contractee from a contractor bill for non complaince of some clause of contract. if it is recoverable once the particular clause complied otherwise a loss for a contracor. My view it will related to financial nature not impact in Costing records
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