Limitations of Liabilities. Except in case of Criminal Negligence or Willful Misconduct, (i) Notwithstanding anything herein to the contrary, no party shall be liable for any indirect, special, punitive, consequential or exemplary damages, whether foreseeable or not, arising out of or about this contract, loss of goodwill or profits, lost business however characterized, any/or from any other remote cause whatsoever. (ii) The Contractor shall not be liable to the owner for any losses, claims, damages, costs or expenses whatsoever arising out of or in connection with this contract in excess of the contract value of the work which caused such losses, claims, damages, costs or expenses. (iii) However, the limitation of liability of the contractor indicated above shall not apply to liquidated damages.
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