Copyright & Fair-use Agreement
UNLV Special Collections provides copies of materials to facilitate private study, scholarship, or research. Material not in the public domain may be used according to fair use of copyrighted materials as defined by copyright law. Please cite us.
Please note that UNLV may not own the copyright to these materials and cannot provide permission to publish or distribute materials when UNLV is not the copyright holder. The user is solely responsible for determining the copyright status of materials and obtaining permission to use material from the copyright holder and for determining whether any permissions relating to any other rights are necessary for the intended use, and for obtaining all required permissions beyond that allowed by fair use.
Read more about our reproduction and use policy.
I agree.Information
Digital ID
Permalink
Details
More Info
Rights
Digital Provenance
Publisher
Transcription
ARTICLE 10. Should the Contractor a t any time d efa u lt in the performance o f any o f i t s agreements herein contained, or f a i l in any respect to cause the work to he prosecuted with promptness or d ilig e n c e , or in a good and workmanlike manner, the Owner may a t ? i t s option, a f t e r ten days w ritte n n o tic e to 'the Contractor (pro**- vid ed the Contractor s h a ll not w ith in said days, have r e c t if ie d such d e fa u lt ), terminate th is agreement and the employment o f the , Contractor hereunder, and in such event, upon the e x p ira tio n o f said n o tic e , a l l o f the r ig h ts , powers and duties o f the Contractor hereunder s h a ll fo rth w ith cease and term inate. In case o f such term ination o f th is con tra ct, the Owner s h a ll he e n tit le d to take ? possession o f a l l machinery, to o ls , equipment and appliances belon gin g to the Contractor or the Owner on said premises, and may use the same in the work u n t il the completion th ereo f. In case o f such term ination of th is con tra ct, the Owner s h a ll pay to the Contr a c to r an amount which w i l l reimburse i t fo r a l l expenditures made by the Contractor in connection with the work not th e re to fo re paid by the Owner, and a lso a reasonable re n ta l f o r any machinery, equipment or appliances belonging to the Contractor in d iv id u a lly , which the Owner s h a ll r e ta in during the completion o f the work; and in such event, the Owner s h a ll pay to the Contractor such prop o rtio n o f the fe e o f the Contractor as the cost o f the work, ex clu sive of the fe e , to date of term ination, s h a il bear to the guaranteed maximum cost o f the work, ex clu sive o f fe e . Any terminatio n o f th is con tra ct, pursuant to the p ro visio n s o f th is A r t ic le , s h a ll not re le a s e the Owner from l i a b i l i t y fo r &ny o b lig a tio n , commitment, con tracts or claim s, e ith e r liq u id a ted or u n liqu idated, which the Contractor s h a ll have h e re to fo re entered in to , incurred or undertaken, in connection with the work. I n the case o f such term ination o f th is con tra ct, provided, however, the owner s h a ll have immediately upon term ination o f th is con tract, d ilig e n t ly and continuously proceeded w ith the con stru ction and completion o f «uch work (but not o th e rw is e ), the Owner may r e ta in any moneys which may be due the Contractor on account o f said fe e at the time of termina tio n o f th is con tract u n t il the com pletion of the work, and may apply same toward any excess cost of the work over and above the guaranteed maximum cost o f work as h erein b efore set fo r th . ? In the event of any a p p lic a tio n o f part o f said fe e to said excess c o st, any remaining balance of said fe e s h a ll be paid to the Contractor w ith in t h ir t y - f iv e days a ft e r su bstan tial completion < o f the work, and in the event there is no such excess co st, any , moneys which may be due the Contractor on account o f said fe e s h a ll be paid the Contractor w ith in t h i r t y - f i v e days a ft e r su bstan tial com pletion o f the work. N0th in g in th is A r t ic le contained s h a ll be construed as r e lie v in g the Contractor o f the o b lig a tio n to pay the Owner, upon completion o f the work, the excess o f the t o t a l actu al cost th e re o f, as h erein d efin ed , over the guaranteed maximum cost as h erein defined; prov id ed , however, that in tak in g over the completion o f the work a ft e r d e fa u lt by the Contractor, the Owner s h a ll have proceeded in such completion in accordance w ith good business p ra c tic e . A - 3