What consequence might a contractor face for failing to complete a project on time?

Failing to complete a project on time can lead a contractor to face legal actions and penalties for breach of contract. When a contractor signs a contract, they agree to specific terms, including deadlines for project completion. If they do not fulfill this obligation, the client may pursue legal remedies, which can include seeking damages for any losses incurred due to delays. There could also be financial penalties stipulated in the contract itself for late completion, which further underscores the importance of adhering to agreed timelines.

The other options do not accurately reflect the typical consequences of failing to meet project deadlines. For instance, receiving additional project bonuses is counterintuitive in the context of failing to meet deadlines. A verbal reprimand would not suffice as a consequence for a breach of contract of this nature, as it usually involves serious financial implications. Lastly, while a contractor’s license could be revoked, such an action typically requires more severe or repeated infractions rather than just a single instance of a delayed project.