Implemented by Qingdao High-tech Zone Management Committee. After the development of the enterprise, it said that it would deliver the house on time according to the contract. The Ministry of Construction of High-tech Zone will also continue to pay attention to relevant developments and urge enterprises to deliver houses to the owners on time according to the contract.
If the developer fails to deliver on schedule, the developer will breach the contract. According to the relevant provisions of the Contract Law, the seller shall pay liquidated damages or compensate for the losses if the delivery is overdue. The parties may agree that when one party breaches the contract, it shall pay a certain amount of liquidated damages to the other party according to the situation of breach of contract, and may also agree on the calculation method of the amount of compensation for breach of contract.