$2.$ As a contractor you have built a $256-$unit apartment complex that will rent for

$ $1,750$ a unit per month $($assume $30$ days$/$month$).$ You were late in completing the project by $9$ days, during which time the owner keeps their construction administration operation running, and are assessed $($i$.$e$.,$ asked to pay the owner$)$ $$144,000$ total based on the project contract. Would this assessment be considered liquidated damages or a penalty? $(3$pt$)$ Explain the basis for your answer and show your calculations. $(5$pt$)$