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Subcontract for Construction of Portion of or Materials to go into...

Middlesex Massachusetts 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

Name: Middlesex Massachusetts 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
Brand: US Legal Forms
Rating: 4.85 (217 reviews)

Category:

Construction - Contractors - Subcontractors

State:

Multi-State

County:

Middlesex

Control #:

US-13277BG

Format:

Instant download

Description

A subcontractor performs work under a contract with a general contractor, rather than the employer who hired the general contractor.

Agreement to Purchase Boat, Subject to Ins...

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How to fill out Middlesex Massachusetts 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?

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FAQ

A termination for convenience clause is a clause in a construction contract that allows one or both parties to terminate the agreement without a specific reason for doing so (such as a default or breach of the contract).

A Termination for Default is the complete or partial termination of a contract because of a contractor's actual or anticipated failure to meet its contractual obligations. A Termination for Cause is the term used for a Termination for Default in a FAR PT 12 contract for the acquisition of commercial items.

(a) Termination for default is generally the exercise of the Government's contractual right to completely or partially terminate a contract because of the contractor's actual or anticipated failure to perform its contractual obligations.

(l) If the termination is partial, the Contractor may file a proposal with the Contracting Officer for an equitable adjustment of the price(s) of the continued portion of the contract. The Contracting Officer shall make any equitable adjustment agreed upon.

Partial Termination means the termination of a part, but not all, of the work that has not been completed and accepted under a contract.

Stated in simple terms, the basic concept is that a partial termination for convenience is priced by adding up from zero all the costs incurred for the completed work as well as the anticipated costs for the remaining work whereas a deductive change is priced by subtracting the estimate of future costs to perform the

The TCO will be responsible for negotiating any settlement with the contractor, including a no-cost settlement if appropriate. When the contracting officer terminates a contract for convenience, the government is liable to the contractor for the contractor's incurred costs and profit on all work performed.

There is no legal difference between FAR termination for cause vs default. A government default termination appeal can be heard at the respective Board of Contract Appeals or the U.S. Court of Federal Claims. There are specific deadlines to file your appeal.

For example, a right of partial termination may be conferred by a contract in circumstances where a party is given a right to terminate a purchase order in whole or in part.

Under the Indian Contract Act 1872, a contract can be terminated by the parties involved by giving legitimate reasons like frustration, repudiatory breach, termination by prior agreement, rescission, or on completion. Such termination may occur by the mutual consent of the parties or by law.

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P.m. No bids shall be received after the time designated in the bid advertisement. Sealed Bids due Thursday, September 30, 2021 at p.Activities for this project resulting in a finished, fully usable facility that satisfies all project requirements and contract terms. Pursuant to M.G.L. c. 30B, the Town solicited proposals for the construction, operation, and maintenance of an ice skating rink.

Middlesex Massachusetts 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

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How to fill out Middlesex Massachusetts 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?

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FAQ

What is convenience term?

What is the difference between termination for cause and termination for default?

What does termination for default mean?

Can the contracting officer terminate the remaining portion of the contract?

What does partial termination mean?

What is a partial termination for convenience?

What is the contractor liable for under a contract terminated for default or cause?

Is default the same as termination?

Can you terminate an agreement in part?

What are the methods of termination?

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