👉 The Project Penalties, often associated with the broader context of project management and contract law, refers to the additional costs or obligations that arise when a project fails to meet its agreed-upon milestones, deadlines, or quality standards. These penalties are typically outlined in contracts between project stakeholders and can include financial fines, additional work requirements, or other compensatory measures to mitigate the impact of non-compliance. The specific terms and penalties are usually defined in the contract, aiming to incentivize timely and quality project delivery while protecting the interests of all parties involved.
