Common use of STATE’S OPTION TO COMPLETE CONTRACT REQUIREMENTS Clause in Contracts

STATE’S OPTION TO COMPLETE CONTRACT REQUIREMENTS. If the Purchaser fails to complete the requirements described in this Contract in a timely manner or if the Contract is terminated pursuant to Section IV.B. TERMINATION, the State reserves the right to complete the work itself or through a contractor. The Purchaser will be billed for any additional costs incurred by the State due to the Purchaser’s failure to perform the requirements of this Contract. These additional costs may include State employee time and expenses that were extraordinary to the normal administration of the contract, such as time and expenses incurred to hire a replacement contractor. Purchaser’s failure to make payment within 14 days from the date of billing may cause all or part of the performance bond to be forfeited to recover such costs.

STATE’S OPTION TO COMPLETE CONTRACT REQUIREMENTS. If the Purchaser fails to complete the requirements described in this Contract in a timely manner or if the Contract is terminated pursuant to Section IV.B. TERMINATION, the State reserves the right to complete the work itself or through a contractor. The Purchaser will be billed for any additional costs incurred by the State due to the Purchaser’s failure to perform the requirements of this Contract. These additional costs may include State employee time and expenses that were extraordinary to the normal administration of the contractContract, such as time and expenses incurred to hire a replacement contractor. Purchaser’s failure to make payment within 14 days from the date of billing may cause all or part of the performance bond to be forfeited to recover such costs.