Common use of Completion by the Surety Clause in Contracts

Completion by the Surety. In the event that the Contract or the CONTRACTOR’s performance of the Contract is terminated pursuant to this Section, DISTRICT may demand that the Surety take over and complete the Work. DISTRICT may require that in so doing, the Surety not utilize CONTRACTOR in performing and completing the Work. Upon the failure or refusal of the Surety to take over and begin completion of the Work within fifteen (15) days after the effective date of termination, DISTRICT may take over the Work and prosecute it to completion as provided for above. Such remedy is in addition to, and not lieu of, other remedies available to DISTRICT as provided by law or in equity.