What is a two for one basis in a contract? ?

Question

Some contracts stipulate that if a certain criteria is not met then costs may be recouped on a two for one basis.

What does two for one mean?

Cheers

Answer 1

Sounds to me that means if  it costs them $10 to meet the un-met criteria then they'll charge you $20. That takes into account the hassle involved and is an incentive for the contractor to perform the work to the agreed standard.

Answer 2

In the law it is called "double damages".   It is like you are paying a "fine" for not upholding your end of the contract. /