financial hammer

Spanish translation: penalidades [pecuniarias] excesivas/abusivas/onerosas

19:22 Feb 19, 2019
English to Spanish translations [PRO]
Finance (general)
English term or phrase: financial hammer
Gracias de antemano por su ayuda.

A common perception
is that with EPCM the
risk is sublet to each
individual contractor by
Terms & Conditions and
***financial hammers*** such
as liquidated damages,
although many claims
focus on who influenced
performance (or who
owns the risk). A Project
manager or prime
contractor may be hired
as an agent of the owner, yet unless expectations
are clear, risk-sharinq
Lida Garcia
Peru
Local time: 13:38
Spanish translation:penalidades [pecuniarias] excesivas/abusivas/onerosas
Explanation:
I've never heard the term used before, but I presume it's a more figurative and emphatic way of describing a "penalty clause".

Penalty clause
A contract clause that imposes an excessive monetary penalty in the event a party defaults. Courts generally don't enforce penalty clauses when the amount imposed is unrelated to the damages incurred.

https://www.law.cornell.edu/wex/penalty_clause
Selected response from:

Robert Carter
Mexico
Local time: 12:38
Grading comment
Gracias.
4 KudoZ points were awarded for this answer



Summary of answers provided
3 +1penalidades [pecuniarias] excesivas/abusivas/onerosas
Robert Carter
4cláusulas penales
Adela Perez del Viso


  

Answers


11 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +1
financial hammers
penalidades [pecuniarias] excesivas/abusivas/onerosas


Explanation:
I've never heard the term used before, but I presume it's a more figurative and emphatic way of describing a "penalty clause".

Penalty clause
A contract clause that imposes an excessive monetary penalty in the event a party defaults. Courts generally don't enforce penalty clauses when the amount imposed is unrelated to the damages incurred.

https://www.law.cornell.edu/wex/penalty_clause

Robert Carter
Mexico
Local time: 12:38
Works in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 40
Grading comment
Gracias.

Peer comments on this answer (and responses from the answerer)
agree  Pablo Cruz
14 mins
  -> Thanks, Pablo.
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4 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
cláusulas penales


Explanation:
Se refiere a cláusulas que determinen de antemano los daños

Adela Perez del Viso
Argentina
Local time: 15:38
Native speaker of: Native in SpanishSpanish
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