Common use of Default by Contractor Clause in Contracts

Default by Contractor. In case of default by the Contractor, the City reserves the right to procure the Goods or Services from other sources and deduct from any monies due, or that may thereafter become due to the Contractor, the difference between the price named in this Contract and the actual cost to the City to procure from an alternate source. Prices paid by the City will be considered the prevailing market price at the time such purchase is made.

Appears in 28 contracts

Samples: Goods and Nonprofessional Services Agreement, Goods Agreement, Professional Services Agreement

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