Back to GlossaryForce MajeureMay 1, 2026An extraordinary event beyond the control of the parties, such as war or natural disasters, preventing contractual performance.EPCLegalRiskRelated Glossary EntriesPublicMay 1, 2026Delay Damages (Liquidated Damages)Pre-agreed compensation payable for failure to complete the works within the specified time.Back to Glossary
