Common use of Value of Completed Work Clause in Contracts

Value of Completed Work. The State shall determine the value of any work that has been done at the time of termination. Compensation for partial work shall be calculated on the basis of the percentage of work completed at the time of termination. In making that calculation, the State will consider 1. Actual costs incurred, not to exceed the rates set forth in Attachment E (Schedule of Rates), in performing the work to the date of termination; 2. The amount of work that was satisfactorily completed as of the date of termination; 3. The value of the work that is usable to the State; 4. The cost to the State of employing another firm to complete the required work; 5. The time required to employ another firm to complete the work; 6. Other factors that affect the value to the State of the work performed.

Value of Completed Work. The State shall determine the value of any work that has been done at the time of termination. Compensation for partial work shall be calculated on the basis of the percentage of work completed at the time of termination. In making that calculation, the State will considerthe 1. Actual costs incurred, not to exceed the rates set forth in Attachment E (Schedule of Rates), in performing the work to the date of termination; 2. The amount of work that was satisfactorily completed as of the date of termination; 3. The value of the work that is usable to the State; 4. The cost to the State of employing another firm to complete the required work; 5. The time required to employ another firm to complete the work; 6. Other factors that affect the value to the State of the work performed.