Builds small venues for rock concerts and sporting events

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Reference no: EM131759065

Read the following scenario and answer the question in 5-10 sentences.

You are a manager employed by a construction company that builds small venues for rock concerts, sporting events, and other activities. RP Properties is negotiating an agreement with your company to build a $100 million stadium near a city downtown. Among many other terms, the contract states that the project should be completed by January 1 of next year. The contract also states that your company will be obligated to pay $20,000 for each day of delay in completion after January 1. Although you know the contract will be profitable for your company, evaluate the risks of accepting such a contract given the contract clause.

Reference no: EM131759065

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