OUR STAFF REPORTER ISLAMABAD - Federal Board of Revenue (FBR) is in the process of implementation of tax reforms through financing from the World Bank/ DFID and FBR has imposed liquidated damages ranging from Rs65,000 to Rs4.2 million on several companies for delayed completion of the interior development and refurbishment of the contracted activities. These reforms with the name of Tax Administration Reform Programme' (TARP) were started wef January 2005 and financing of this programme is completing by 31.12.2011. There were different activities undertaken under this programme including infrastructure upgradation which included both Information Communication Technology (ICT) and physical infrastructure upgradation. Under this programme, tax offices throughout the country were upgraded through interior development and refurbishment. At 13 locations, Transit Accommodations were constructed. For this purpose, after completion of the prescribed processes by the World Bank, contracts were awarded to different contractors for completion of the jobs. In every contract there were given timelines for completion of the activities. In case of intentional default by the contractors, Liquidated Damages (LD) are imposed on the contractors. In this process, FBR has imposed Liquidated Damages on M/s EMBA Corporation for delayed delivery of the goods, M/s National Engineering Works, Ahmad Hussain Jagirani, M/s Perk Engineers & Contractors and M/s SKB for delayed completion of the interior development and refurbishment of the contracted activities. FBR has advised all its contractors and suppliers to abide by the given timelines failing which penal provisions as incorporated in the related contract agreements will be invoked.