Chicago Illinois Subcontract for Construction of Portion of or Materials to go into Building with Provisions that upon Termination for Cause Contractor May Complete Work and Retain all Amounts due Subcontractor

• Category: Construction - Contractors - Subcontractors
• State: Multi-State
• City: Chicago
• Control #: US-13277BG
• Format: Word; Rich Text

Description

A subcontractor performs work under a contract with a general contractor, rather than the employer who hired the general contractor. Chicago Illinois Subcontract for Construction of Portion of or Materials to go into Building with Provisions that upon Termination for Cause Contractor May Complete Work and Retain all Amounts due Subcontractor: A Chicago Illinois Subcontract for Construction of Portion of or Materials to go into Building with Provisions that upon Termination for Cause Contractor May Complete Work and Retain all Amounts due Subcontractor is an agreement made between a contractor and a subcontractor for the completion of a specific portion of a construction project in Chicago, Illinois. The subcontractor is responsible for supplying necessary materials and performing the construction work as specified in the subcontract. This type of subcontract includes provisions that allow the contractor to terminate the subcontract for cause, providing valid reasons for termination such as breaching the terms of the agreement, failing to perform the work adequately, or any other acts that may lead to project delays or compromises. In the event of termination for cause, the provision allows the contractor to step in and complete the remaining work on the subcontract and retain all amounts due to the subcontractor. By having this provision, the subcontractor is bound to complete the work assigned in accordance with the subcontract's terms and specifications. If the subcontractor fails to perform the work satisfactorily or causes delays or disruptions, the contractor has the right to take over the work and retain all amounts already owed to the subcontractor. This provision not only protects the interests of the contractor but also ensures that the project remains on schedule and meets the required quality standards. Different types of Chicago Illinois Subcontract for Construction of Portion of or Materials to go into Building with Provisions that upon Termination for Cause Contractor May Complete Work and Retain all Amounts due Subcontractor may include: 1. Material Supply Subcontract: This type of subcontract is specifically for the supply of materials necessary for construction purposes. The subcontractor is responsible for delivering the required materials to the construction site and ensuring their quality and timely delivery. 2. Construction Work Subcontract: This subcontract involves the subcontractor performing specific construction work as assigned by the contractor. It may include tasks such as electrical work, plumbing, carpentry, or any other specialized construction work. 3. Labor Subcontract: This type of subcontract involves hiring additional labor for specific construction tasks. The subcontractor is responsible for providing skilled workers to assist in the completion of the assigned portion of the construction project. In conclusion, a Chicago Illinois Subcontract for Construction of Portion of or Materials to go into Building with Provisions that upon Termination for Cause Contractor May Complete Work and Retain all Amounts due Subcontractor is a legally binding agreement that outlines the rights and obligations of both the contractor and subcontractor. It provides a mechanism for the contractor to terminate the subcontract in case of valid reasons while allowing them to complete the work and retain all amounts due to the subcontractor.

Chicago Illinois Subcontract for Construction of Portion of or Materials to go into Building with Provisions that upon Termination for Cause Contractor May Complete Work and Retain all Amounts due Subcontractor: A Chicago Illinois Subcontract for Construction of Portion of or Materials to go into Building with Provisions that upon Termination for Cause Contractor May Complete Work and Retain all Amounts due Subcontractor is an agreement made between a contractor and a subcontractor for the completion of a specific portion of a construction project in Chicago, Illinois. The subcontractor is responsible for supplying necessary materials and performing the construction work as specified in the subcontract. This type of subcontract includes provisions that allow the contractor to terminate the subcontract for cause, providing valid reasons for termination such as breaching the terms of the agreement, failing to perform the work adequately, or any other acts that may lead to project delays or compromises. In the event of termination for cause, the provision allows the contractor to step in and complete the remaining work on the subcontract and retain all amounts due to the subcontractor. By having this provision, the subcontractor is bound to complete the work assigned in accordance with the subcontract's terms and specifications. If the subcontractor fails to perform the work satisfactorily or causes delays or disruptions, the contractor has the right to take over the work and retain all amounts already owed to the subcontractor. This provision not only protects the interests of the contractor but also ensures that the project remains on schedule and meets the required quality standards. Different types of Chicago Illinois Subcontract for Construction of Portion of or Materials to go into Building with Provisions that upon Termination for Cause Contractor May Complete Work and Retain all Amounts due Subcontractor may include: 1. Material Supply Subcontract: This type of subcontract is specifically for the supply of materials necessary for construction purposes. The subcontractor is responsible for delivering the required materials to the construction site and ensuring their quality and timely delivery. 2. Construction Work Subcontract: This subcontract involves the subcontractor performing specific construction work as assigned by the contractor. It may include tasks such as electrical work, plumbing, carpentry, or any other specialized construction work. 3. Labor Subcontract: This type of subcontract involves hiring additional labor for specific construction tasks. The subcontractor is responsible for providing skilled workers to assist in the completion of the assigned portion of the construction project. In conclusion, a Chicago Illinois Subcontract for Construction of Portion of or Materials to go into Building with Provisions that upon Termination for Cause Contractor May Complete Work and Retain all Amounts due Subcontractor is a legally binding agreement that outlines the rights and obligations of both the contractor and subcontractor. It provides a mechanism for the contractor to terminate the subcontract in case of valid reasons while allowing them to complete the work and retain all amounts due to the subcontractor.