Common use of TERMINATION OF CONTRACT BY GIPCL Clause in Contracts

TERMINATION OF CONTRACT BY GIPCL. Contractor shall be responsible to complete the jobs within agreed time schedule and in case contractor fail to complete the job, GIPCL shall recover from his bill, Security Deposit and / or whatsoever for expenses incurred to complete the job with additional 15% overhead charges. In case if contractor‟s services are not found satisfactory with respect to mobilization, time bound completion of work, workmanship & safety (OHSAS policy of GIPCL) then GIPCL has right to terminate the contract at any time by giving him 15 days advance notice without assigning any reason and will make the alternate arrangement at the risk & cost of contractor. GIPCL may terminate the contract after due recoveries of pending jobs/damages after giving 15 days advance notice to the contractor if any of the following events occur – i. Contractor is adjudged as insolvent. ii. Contractor has abandoned the contract. iii. Contractor fails to proceed with the work with due diligence as per requirements of the contract. iv. Contractor has neglected or failed persistently to observe or perform any of the acts, matters or things, which as per the contract are to be observed and performed by the contractor. v. Contractor repetitively violating the safety norms for more than three incidents. vi. Any major contradiction of applicable labour laws. vii. Any major deviations from contractual terms and conditions including quality of job.

TERMINATION OF CONTRACT BY GIPCL. Contractor shall be responsible to complete the jobs within agreed time schedule and in case contractor fail to complete the job, GIPCL shall recover from his bill, Security Deposit and / or whatsoever for expenses incurred to complete the job with additional 1510% overhead charges. In case if contractor‟s contractor’s services are not found satisfactory with respect to mobilization, time bound completion of work, workmanship & safety (OHSAS policy of GIPCL) then GIPCL has right to terminate the contract at any time by giving him 15 days advance notice without assigning any reason and will make the alternate arrangement at the risk & cost of contractor. GIPCL may terminate the contract after due recoveries of pending jobs/damages after giving 15 days advance notice to the contractor if any of the following events occur – i. Contractor is adjudged as insolvent. ii. Contractor has abandoned the contract. iii. Contractor fails to proceed with the work with due diligence as per requirements of the contract. iv. Contractor has neglected or failed persistently to observe or perform any of the acts, matters or things, which as per the contract are to be observed and performed by the contractor. v. Contractor repetitively violating the safety norms for more than three incidents. vi. Any major contradiction of applicable labour laws. vii. Any major deviations from contractual terms and conditions including quality of job. viii. GIPCL reserves the right to terminate the contract without giving any reason whatsoever and forfeit the PBG

TERMINATION OF CONTRACT BY GIPCL. Contractor shall be responsible to complete the jobs within agreed time schedule and in case contractor fail to complete the job, GIPCL shall recover from his bill, Security Deposit and / or whatsoever for expenses incurred to complete the job with additional 1510% overhead charges. In case if contractor‟s contractor’s services are not found satisfactory with respect to mobilization, time bound completion of work, workmanship & safety (OHSAS policy of GIPCL) etc then GIPCL has right to terminate the contract at any time by giving him you 15 days advance notice without assigning any reason and will make the alternate arrangement at the risk & cost of contractor. GIPCL may terminate the contract after due recoveries of pending jobs/damages after giving 15 days advance notice to the contractor if any of the following events occur – i. Contractor is adjudged as insolvent. ii. Contractor has abandoned the contract. iii. Contractor fails to proceed with the work with due diligence as per requirements of the contract. iv. Contractor has neglected or failed persistently to observe or perform any of the acts, matters or things, which as per the contract are to be observed and performed by the contractor. v. Contractor repetitively violating the safety norms for more than three incidents. vi. Any major contradiction of applicable labour laws. vii. Any major deviations from contractual terms and conditions including quality of job. viii. GIPCL reserves the right to terminate the contract without giving any reason whatsoever and forfeit the PBG

TERMINATION OF CONTRACT BY GIPCL. Contractor shall be responsible to complete the jobs within agreed time schedule and in case contractor Contractor fail to complete the job, GIPCL shall recover from his bill, Security Deposit and / or whatsoever for expenses incurred to complete the job with additional 1510% overhead charges. In case if contractor‟s contractor’s services are not found satisfactory with respect to mobilization, time bound completion of work, workmanship & safety (OHSAS policy of GIPCL) then GIPCL has right to terminate the contract at any time by giving him 15 days advance notice without assigning any reason and will make the alternate arrangement at the risk & cost of contractor. GIPCL may terminate the contract after due recoveries of pending jobs/jobs / damages after giving 15 days advance notice to the contractor Contractor if any of the following events occur –occur: i. Contractor is adjudged as insolvent. ii. Contractor has abandoned the contract. iii. Contractor fails to proceed with the work with due diligence as per requirements of the contract. iv. Contractor has neglected or failed persistently to observe or perform any of the acts, matters or things, which as per the contract are to be observed and performed by the contractorContractor. v. Contractor repetitively violating the safety norms for more than three incidents. vi. Any major contradiction of applicable labour laws. vii. Any major deviations from contractual terms and conditions including quality of job.

TERMINATION OF CONTRACT BY GIPCL. Contractor shall be responsible to complete the jobs within agreed time schedule and in case contractor fail to complete the job, GIPCL shall recover from his bill, Security Deposit and / or whatsoever for expenses incurred to complete the job with additional 15% overhead charges. In case if contractor‟s contractor’s services are not found satisfactory with respect to mobilization, time bound completion of work, workmanship & safety (OHSAS policy of GIPCL) then GIPCL has right to terminate the contract at any time by giving him 15 days advance notice without assigning any reason and will make the alternate arrangement at the risk & cost of contractor. GIPCL may terminate the contract after due recoveries of pending jobs/damages after giving 15 days advance notice to the contractor if any of the following events occur – i. Contractor is adjudged as insolvent. ii. Contractor has abandoned the contract. iii. Contractor fails to proceed with the work with due diligence as per requirements of the contract. iv. Contractor has neglected or failed persistently to observe or perform any of the acts, matters or things, which as per the contract are to be observed and performed by the contractor. v. Contractor repetitively violating the safety norms for more than three incidents. vi. Any major contradiction of applicable labour laws. vii. Any major deviations from contractual terms and conditions including quality of job.