With the fines put on the company for the delay and the cost of construction defect repair. It will most likely put the company out of business.
I was on liquidated damages on many jobs over the years. You take the hit and keep rolling.
It could put the company out if business as you describe but not likely. This kind of foul up is what errors and omissions insurance is for plus performance bonding can be tapped.
“With the fines put on the company for the delay and the cost of construction defect repair. It will most likely put the company out of business.”
Right. Unless the contractor is owned by a woman.