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2001-026
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2001-026
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Last modified
2/20/2025 10:40:12 AM
Creation date
2/20/2025 10:34:14 AM
Metadata
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Official Documents
Official Document Type
Contract
Approved Date
01/30/2001
Control Number
2001-026
Entity Name
Ranger Construction
Subject
Contract for Dune Restoration Project
Project Number
IRC-3041
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® ARTICLE 15 - SUSPENSION OF WORK AND TERMINATION: <br />OWNER May Suspend Work: <br />15.1 OWNER may, at any time and without cause, suspend the Work or any portion thereof for <br />k a period of not more than ninety (90) days by notice in writing to CONTRACTOR and <br />ENGINEER which will fix the date on which Work will be resumed. CONTRACTOR shall <br />resume the Work on the date so fixed. CONTRACTOR shall be allowed an increase in the <br />Contract Price or an extension of the Contract Time, or both, directly attributable to any <br />t suspension if CONTRACTOR makes an approved claim therefore as provided in Articles 11 <br />and 12. <br />OWNER May Terminate: <br />l: <br />15.2 Upon the occurrence of any one or more of the following events: <br />i <br />t 15.2.1 If CONTRACTOR commences a voluntary case under any chapter of the <br />Bankruptcy Code (Title 11, United States Code), as now or hereafter in effect, <br />or if CONTRACTOR takes any equivalent or similar action by filing a <br />f petition or otherwise under any other federal or state law in effect at such time <br />�- relating to the bankruptcy or insolvency; <br />i 15.2.2 If a petition is filed against CONTRACTOR under any chapter of the <br />Bankruptcy Code as now or hereafter in effect at the time of filing, or if a <br />petition is filed seeking any such equivalent or similar relief against <br />CONTRACTOR under any other federal or state law in effect at the time <br />relating to bankruptcy or insolvency; <br />15.2.3 If CONTRACTOR makes a general assignment for the benefit of creditors; <br />15.2.4 If a trustee, receiver, custodian or agent of CONTRACTOR is appointed under <br />applicable law or under contract, whose appointment or authority to take <br />charge of property of CONTRACTOR is for the purpose of enforcing a Lien <br />against such property or for the purpose of general administration of such <br />property for the benefit of CONTRACTOR's creditors; <br />15.2.5 If CONTRACTOR admits in writing an inability to pay its debts generally as <br />4_ they become due; <br />15.2.6 If CONTRACTOR persistently fails to perform the Work in accordance with <br />the Contract Documents (including, but not limited to, failure to supply <br />sufficiently skilled workers or suitable materials or equipment or failure to <br />adhere to the progress schedule established under paragraph 2.9 as revised <br />from time to time); <br />15.2.7 If CONTRACTOR disregards Laws or Regulations of any public body having <br />jurisdiction; <br />GENERAL CONDITIONS <br />GC41 <br />
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