Finance category
Mortgage, loan, investing, tax, and money calculators.
Substantial Completion Liquidated Damages Calculator
SC-tied LDs compensate for delayed occupancy.
LD recovery ratio
1.5%
LD recovery
$675,000
Actual damages
$465,000
How the math works
LD = daily × days. Actual = (rent + debt) × months. Ratio = LD / actual.
$15k × 45 = $675k LD. Actual ~$465k. 145% recovery — above actual, GC pays.
How to Use
- Enter daily SC LD.
- Enter days past SC.
- Enter projected monthly rent.
- Enter monthly debt service.
- Read LD recovery vs actual damages.
Frequently Asked Questions
Why SC-specific?
Substantial completion triggers occupancy, rent, and lender takeout. Delay compounds: lost rent + added interest. LDs separate from general delay LDs may apply specifically to SC milestone, often at higher rate.
Actual damages vs LDs?
Lost rent: $50k-200k/mo depending on property. Added interest carry: $80k-200k/mo. Total actual ~$150-400k/mo delay = $5-13k/day. LDs often $5-25k/day. Sometimes below actual damages if court-ordered proof required.
Negotiation?
Document expected rent PSF and debt service. Support daily LD with math. Cap at 5-10% of contract. Owner-caused exclusions (delay in owner submittal approval, force majeure). Two-way (early completion bonus if finished ahead).
Who owns this risk — sponsor or lender?
Construction risks are typically shared: hard-cost overrun owned by sponsor (via completion guaranty), soft-cost and delay risks shared per contract, force-majeure excused but bears owner carry cost. Document risk ownership in the loan agreement and GC contract before closing. Disputes get expensive when roles are unclear. Institutional deals spell out every allocation in writing.
Related Calculators
More Finance Calculators
Browse all finance →AI Cost Calculator
Compare token costs across OpenAI, Anthropic, and Google AI models. Calculate monthly API spending for GPT-4o, Claude, Gemini, and more.
Tip Calculator
Calculate the perfect tip and split the bill between friends. Choose preset percentages or enter a custom tip amount.
Bill Splitter Calculator
Split an uneven restaurant bill by item, divide tax and tip proportionally, and see exactly who owes whom.
Discount Calculator
Calculate sale price, discount amount, stacked discounts, sales tax, and total savings for any markdown.
Gas Mileage Calculator
Calculate MPG or km/L, estimate trip fuel cost, and compare annual fuel expenses between two vehicles.
Sales Tax Calculator
Add sales tax to a price, reverse-calculate the pre-tax amount from a total, and estimate tax for multiple items on one receipt.
Keep exploring