Common use of DEFAULT AND TERMINATION OF CONTRACT Clause in Contracts

DEFAULT AND TERMINATION OF CONTRACT. The Contractor shall be considered in default of his/her Contract and such default will be considered as cause for the Owner to terminate or suspend the Contract for any of the following reasons if the Contractor: a. fails to begin the Work within the time specified in the "Notice to Proceed;" b. fails to perform the Work or fails to provide sufficient workers, equipment or materials to assure completion of Work in accordance with the terms of the Contract Documents, or c. performs the Work unsuitably or neglects or refuses to remove materials or to perform anew such Work as may be rejected as unacceptable and unsuitable; d. discontinues the prosecution of or abandons the Work; e. fails to make payment to persons or entities performing portions of the Work in accordance with their respective agreements with the Contractor; f. repeatedly disregards applicable laws, statutes, ordinances, codes, rules and regulations, or lawful orders of a public authority; g. is in breach of a provision of the Contract Documents; h. submits an Application for Payment, sworn statement, waiver of lien, affidavit or document of any nature whatsoever which is false; i. engages in behavior that is dishonest, fraudulent, or constitutes a conflict of interest with the Contractor’s obligations; j. demonstrates that the Work will not be completed within the Contract Time, and that the unpaid balance would not be adequate to cover actual or liquidated damages for the anticipated delay; k. demonstrates that the Work cannot be completed for the unpaid balance of the Contract Sum; l. fails to resume Work which has been discontinued within a reasonable time after notice to do so; m. becomes insolvent or is declared bankrupt, or commits any act of bankruptcy or insolvency;