LAD是指如果发展商迟交屋,根据S&P上注明的交屋日期,迟多少天,就要赔多少咯
LAD means a fine/compensation imposed to a contractor/supplier who fails to fulfill a contractual obligation as stipulated in the contract.
Among the failures to meet contractual obligations that can be subjected to LAD are as follows:
(a) Delay in completing a project that is not in accordance with the schedule specified in the contract; and
(b) Delay to supply / failure to supply or quality of goods supplied not according to the specifications in the contract.