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Research / Missed claims statistics / No published New Zealand figure for time owed but not claimed, or for liquidated damages levied, as a share of contract value

No published New Zealand figure for time owed but not claimed, or for liquidated damages levied, as a share of contract value

No figurepublished for this measure
New ZealandPenalty daysLow confidenceContractor loss

No published New Zealand figure for time owed but not claimed, or for liquidated damages levied, as a share of contract value: no defensible figure has been published (Advisian for the New Zealand Treasury Infrastructure Transactions Unit, 2019; New Zealand; low confidence).

What it is. None - New Zealand sources describe time bars on extension of time claims and name delay as a dispute cause, but none measures the money lost to unclaimed time or levied liquidated damages.

Sample. Search terms: New Zealand construction extension of time claims survey; liquidated damages New Zealand study rate per day percentage of contract; NZS 3910 time bars; construction weather delays New Zealand wet days cost; BRANZ NIWA weather delay construction; Civil Contractors NZ extreme weather survey. A frequency exists: respondents to the Treasury review report time bars of often 10 working days (Advisian 2019, Time bars section), and 20% of Russell McVeagh 2020 respondents expect delays and extensions of time to cause disputes; neither is a cost. Wet days are counted (NIWA 1991-2020, Auckland 130.1 a year) but not costed. The Civil Contractors NZ and Teletrac Navman 2023 survey (nearly 70% of businesses with projects hit by extreme weather, reported by RNZ) was seen only as press coverage and its report was not opened. The Treasury report is the source of record because it is the national New Zealand source that deals directly with time bars.

What it is not. Recorded as none on purpose: eight sources opened, none states what unclaimed time or levied liquidated damages cost a New Zealand contractor. A claim that a time bar caused a loss is the industry's complaint recorded in a review, not a measurement. Not read: the NZS 3910:2023 contract text, court decisions on liquidated damages, and any New Zealand Transport Agency data on liquidated damages levied.

Where it came from

Considered and set aside

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