Is There a Penalty When a Contractor Does Not Finish on Time?

A construction worker wearing a safety vest sits at a desk, holding his head in frustration, with a hard hat and a laptop in front of him

Whether or not there is a penalty for a contractor failing to finish on time depends on what the contract says about the completion date and what happens if construction is not completed by that date. Because the contracts are so very different in residential and commercial construction, I will address each separately.  Penalties for […]