Common use of Termination for Convenience after GMP Amendment Clause in Contracts

Termination for Convenience after GMP Amendment. After the GMP Amendment is executed by both parties, and upon notice as provided in Section 108.08 of TDOT’s Standard Specifications for Road and Bridge Construction (including Supplemental Specifications), the Contract may be terminated by the Department without penalty for convenience, in which case the CM/GC shall be entitled to payment of any earned but unpaid amounts provided for in Article 13.1, together with the Cost of the Work satisfactorily completed under the GMP Amendment, plus the costs of bonds and insurance, but in any event not in excess of the GMP. Upon such termination, the Contractor shall have no right to any actual general, special, incidental, consequential, or any other damages whatsoever of any description or amount.