Today Master Builders Victoria has published a ‘COVID-19 Contracting Framework’ document, providing an industry-wide plan to deal with the issue of liquidated damages.
While we have not had members report any legal issues thus far regarding liquidated damages claims, it is something that has been in the mind of many members since we were forced to reduce numbers on worksites last year. There has not been a definitive statement from government on this issue, so this is a concept we are providing to them as a solution.
The full document can be read here.
This morning an article on this topic has appeared in the Age that can be read here.
We have also circulated the following Media Release this morning that summarises the reasons for, and objectives of, the framework. It can be read here.
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