It is a construction management problem

As a contractor you have built a 300-unit apartment complex that rents for S 1,100 per unit a month (assume 30 days/month). You were late in completing the project by 3 days and you assessed (i.e., asked to pay the owner) S 35,000. Would you call the assess s or a penalty? (3pt) Explain the basis for your answer and show your calculations. (5pt) ment liquidated damage If the contract had included a bonus/penalty clause of $50,000 per day for early completion, would you expect to gain/lose any funds had you completed the work early by 2 days? (2pt) Explain and show your calculations. Bpt)