How much is the compensation for the delay in the construction period of the decoration builder?

1, how much compensation should be paid for the specific construction delay, and the details should be reflected in the standard contract; If it is mentioned in the contract, then compensation will be made according to the contract.

2. The general formula for calculating the liquidated damages is LD = 0. 15c/t..LD is the liquidated damages for each working day, C is the total amount stipulated in the original contract, and T is the project completion time stipulated in the original contract.

Extended data

1, punitive liquidated damages, its role is all in punishment. If property losses are caused to the other party due to breach of contract, the breaching party shall pay liquidated damages and compensate the other party separately.

2, compensatory liquidated damages, is a kind of pre-estimation of the property losses that one party to the contract may suffer due to the other party's breach of contract, and paying liquidated damages, that is, exempting the breaching party from the responsibility of compensating the other party's property losses; Even if the loss is greater than the liquidated damages, it will not be compensated. The first paragraph of Article 1 14 of People's Republic of China (PRC) Contract Law stipulates: "The parties may agree that one party shall pay a certain amount of liquidated damages to the other party in case of breach of contract, and may also agree on the calculation method of compensation amount for losses caused by breach of contract.

Reference: Baidu Encyclopedia-liquidated damages for renovation delay