Here is a good old article regarding the financial consequences of extending the timeframe in a contract for a construction bond.
https://www.jdsupra.com/legalnews/time-is-money-except-when-it-isn-t-16694/
Time and money are often seen as going hand in hand in construction contracts. In a typical employer contractor relationship, if the project is delayed by matters for which the contractor is responsible (non-excusable delay events), then the contractor may find itself liable to the employer for damages.
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