Slide 2_Arpita

Industry Approach to Consequential Damages How to maintain a win-win environment For Banner Health A review by Arpita Ghosh

What is a Consequential Damage ,[object Object],[object Object],[object Object],[object Object]

[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Direct Damage VS Consequential Damage

Consequential Damages are hard to recover ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Problem faced by Banner Health ,[object Object],[object Object],[object Object],[object Object],[object Object]

1 . Why negotiation is a problem?? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

“ Perini Corp. VS Great Bay Hotel” Is it fair to the contractor??? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

2. Mutual Waiver Is it fair to the owner?? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

[object Object],[object Object],[object Object],No bright line b/w Consequential & Direct damage

Alternatives: ,[object Object],[object Object]

[object Object],[object Object],[object Object],[object Object],4. Advantages of liquidated damages:

Disadvantages of liquidated damages: ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Industry approaches 1 ,[object Object],[object Object],[object Object],[object Object]

Industry approaches 2 ,[object Object],[object Object],[object Object],[object Object]

Can this be replicated? Registered/post Speed post Analogy ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

References ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

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