Common use of Value of Completed Work Clause in Contracts

Value of Completed Work. If the Engineer defaults in the performance of the Contract or if the CRRMA terminates the Contract for fault on the part of the Engineer, the CRRMA will give consideration to the following when calculating the value of the completed work: (1) the actual costs incurred (not to exceed the rates set forth in Attachment E, Fee Schedule) by the Engineer in performing the work to the date of default; (2) the amount of work required which was satisfactorily completed to date of default; (3) the value of the work which is usable to the CRRMA; (4) the cost to the CRRMA of employing another firm to complete the required work; (5) the time required to employ another firm to complete the work; and (6) other factors which affect the value to the CRRMA of the work performed.

Appears in 4 contracts

Samples: Contract for Engineering Services, Contract for Engineering Services, Contract for Engineering Services

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!