Contract termination
Winter, J.
Contract termination - 2004 - Construction News (6870) 10 June 2004, 25(1) .
Warns that termination of a construction contract can be expensive, complicated and risky. If a contract is terminated unjustifiably, a party is likely to be in breach of it and thereby release the contractor from his obligations,which if he is struggling may be what he wants. Suggests following the default notice procedure scrupulously and collecting evidence of default. If a decision to terminate is made, a careful checklist and plan must be prepared to cover all potential issues and eventualities.
CONSTRUCTION CONTRACTS
PERFORMANCE BONDS
NOTICE OF DEFAULT
CONTRACT TERMINATION
BUILDING CONTRACTORS
SUBCONTRACTORS
Contract termination - 2004 - Construction News (6870) 10 June 2004, 25(1) .
Warns that termination of a construction contract can be expensive, complicated and risky. If a contract is terminated unjustifiably, a party is likely to be in breach of it and thereby release the contractor from his obligations,which if he is struggling may be what he wants. Suggests following the default notice procedure scrupulously and collecting evidence of default. If a decision to terminate is made, a careful checklist and plan must be prepared to cover all potential issues and eventualities.
CONSTRUCTION CONTRACTS
PERFORMANCE BONDS
NOTICE OF DEFAULT
CONTRACT TERMINATION
BUILDING CONTRACTORS
SUBCONTRACTORS