Contingent Assignment of Subcontractors. Contractor shall assign to District each subcontract agreement for a portion of the Work provided that: Assignment is effective only after termination of this Contract by District for cause or stoppage of the Work by District, and only for those subcontract agreements which District accepts by notifying the subcontractor and Contractor in writing; and Assignment is subject to the prior rights of the surety, if any, obligated under bond relating to this Contract. Upon such assignment, if the Work has been suspended for more than thirty (30) days, District shall equitably adjust subcontractor’s compensation for increases in cost resulting from the suspension. Prompt Payment of Subcontractors. Contractor shall promptly pay subcontractors as required by the Contract. Construction by District.
Appears in 5 contracts
Samples: Flexible Services Contract, Flexible Services Contract, Flexible Services Contract
