When there is occurrence of breach of contract, one or both the parties may show willingness in enforcement of the contract on the key terms, or may put in effort for recovering any harm of finance caused as a result of the alleged breach. If there is a rise dispute over a contract and failure is faced in resolving any informal attempts, lawsuit becomes the next best option. If the value being issues is below a specific figure, the parties may gain the ability of resolving the issue in the court of claims.
If the fault turns out to be from the side of contractor in constructing the project on time, the owner will have the right of seeking redressal under various theories of damage. In the general sense, the consequential damages for the owner arising due to delay by a defaulting cover of contractor, the following claims of damages are applicable:
Extended costs of contract administration and inspection
Loss of revenue as a result of delay in the availability of fully constructed facilities
Loss of utilization of new facility for retention as there was delay in preparing the new place on time
Value of the complete facility being diminished because of the late completion
The case provided can be related with the claim of damage for the loss of revenue as a result of delay in the availability of fully constructed facilities. As mentioned in the case, Huang specifies the date of completion to Bill, without stating the key reason behind, yet not eliminating the sense of urgency. Further ahead, Bill does not complete the construction on time. Due to this delay from the part of Bill, the building is not constructed on time as per the deadline fixed, and Huang faces a loss as he loses the tender for supplying the components. Therefore, Bill is liable for the losses faced by Huang and Huang has the right of claiming the damages for the loss of revenue as a result of delay in the availability of fully constructed facilities that is accounted at 150,000 dollars.