The board in front of Pierre's often offers 2-day timed quests. I haven't noticed if failing these quests penalizes me somehow (for instance, lowering my reputation with the quest-giver).
Does failing a quest have any consequences?
Stardew Valley – Are There Penalties for Failing a Timed Quest?
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Best Answer
Thankfully, failing a timed quest does not have any bad consequences. Even if you fail one of those, your relationships and your reputation will stay intact.