The Property Manager shall manage, operate and maintain the Project in a commercially reasonable manner for the tenants thereof. A contract that provides the same liquidated damages for any breach is "unreasonable and a violation of the principle of just compensation."An Earnest Money agreement is a real estate transaction that creates a process to help conclude a sale. Once a seller and a buyer sign an earnest money. This document offers descriptions and explanations on the provisions in CIAP. Document 102—the Uniform General Conditions of Contract for Private Construction. A liquidated damages clause in construction contracts is a common way of addressing what sanctions will apply if a breach of contract arises. PHILIPPINE PORTS AUTHORITY, a government Instrumentality with corporate powers created under Presidential Decree No. 857, as amended,. Assessment and Challenges. 251. Proceedings, and investigations arising out of the contract.