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pf_00500
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pf_00500
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Last modified
2/17/2016 1:39:52 PM
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2/9/2016 12:47:06 PM
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LJ <br />� <br />�� <br />� <br />�� <br />� <br />� <br />LJ <br />� <br />�l <br />�� <br />�, <br />that sufficient cause exists to justify su�h action, may, without <br />prejudice 'to any other r�ight or remedy and after giving the <br />COr�TRACTOR seven days' written notice, terminate the services of <br />the CONTR�CTOR and take pQssession of the Qroject �nd of all <br />materials and eq�ipment thereon and finisf� �he Work by whatever <br />method he may deem expe�ien�. Tn such case the CaiVTRACTOR shall <br />not be entitled to receive any further payment unti1 the Work is <br />finished. If the unpaid balance of the Contract PriCe exceeds <br />the di a�ect and i ndi rect cos ts of compl eti ng the Project, i ncl udi ng <br />compensation for additional professianal services, such excess <br />shall be paid to the CONTRACTOR. If such costs exceed such unpaid <br />balance, tt�e CONTRACTOR �vill pay the difference to the OWNER. <br />Such co�ts incurr�ed by the OWNER will b� d�termined by the ENGINEER <br />and ir�carporated in a Change Order< <br />39.2 Where the CONTRACTOR'S s�rvices have been sp tertninated by <br />the OWNER, said termination shall not affect any rights of the <br />OWNER against the C�NTRACTOR then existing or which may thereafter <br />accrue. Any retention or p�;�ment af rnonies by the OWNER due the <br />CONTRACTOR will not releas� the CONT��CTOR f rom liability. <br />39.3 Upon seyen days' written not�ce to the CONTRACTOR and <br />ENGINEER, the OWNER may, w�thout cause and without prejudice <br />any other right or remedy, elect �o ahandon the Project and <br />terminate the Agreement. In such case, the CONTRACTOR shall <br />paid for 311 Work executed and any expense sustained pTus a <br />reasonable profit. <br />ARTICLE 40 - CONTR�ICTOR'S RIGHT TO STOP WORK OR TERMINATE <br />the <br />to <br />be <br />If, through no act or fau�t of the CONTRACTOR, any of �the events <br />set forth in the following paragraphs occur, then the CONTRACT�R <br />may upon ten days written notice to the OWNER and the ENGIIVEER <br />terminate tfie agre�ment and recover from the OWNER payment for all <br />work executed and any expenses sustained plus a reasonable profit: <br />� The Work is <br />days by the <br />other public <br />� <br />' <br />� <br />� <br />� <br />suspended for <br />041NER or under <br />��uthority, <br />period of more than ninety <br />an order of the Court or <br />or <br />The ENGINEER fails to act on any application for paym�nt <br />within thirty days after it is submitted, or the OWNER <br />fails ta pay the CONTRAC-OR any sum approved by �he <br />ENGINEER or a4•�arded by arbitration within thirty days of <br />its approval and presentation, and the CONTRACTOR has <br />given written notice of such failure to act after said <br />thi rty days has expi red wi thcui. :;uch fai 1 ure being <br />remedi ed wi thi n fi ve days th�ereafter. <br />� G-23 <br />, <br />
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