A Fairfax Virginia Subcontract for Construction of a Portion of a Building or Materials incorporates specific provisions that allow the contractor to complete the remaining work and retain all amounts due to the subcontractor in case of termination for cause. This type of subcontract ensures that the construction project can still progress smoothly even if contractual issues arise. The subcontract agreement typically includes detailed clauses that define the circumstances under which termination may occur, such as breaches of contract, non-performance, or failure to meet specified standards. It gives the contractor the authority to take over the work initially assigned to the subcontractor and complete it to the client's satisfaction. The subcontract agreement states that, upon termination, the contractor assumes all responsibilities previously assigned to the subcontractor and retains the right to subcontract additional assistance as necessary. This provision guarantees that the project can proceed without delay, ensuring the completion of the building within the agreed-upon timeframe. One variant of the Fairfax Virginia Subcontract for Construction of a Portion of a Building with Termination for Cause Provision is the Fixed-Price Subcontract. This type of agreement establishes a predetermined price for the work to be done and clearly outlines the conditions under which termination can occur. The contractor retains the right to complete the subcontractor's work and keep all amounts due to avoid project disruption. Another variant is the Time and Materials Subcontract, which involves paying the subcontractor based on the actual hours worked and the materials used. In the event of termination for cause, the contractor may assume the responsibility of completing the work and keep all outstanding payments due to the subcontractor. In summary, a Fairfax Virginia Subcontract for Construction of a Portion of a Building with Provisions for the Contractor to Complete Work and Retain Amounts Due Upon Termination for Cause ensures project continuity and contractor flexibility in case contractual issues arise. This type of subcontract can come in various forms, including Fixed-Price and Time and Materials agreements.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.