2005-263 - Laserfiche WebLink

Home Browse Search

.2 that an equitable adjustment is made or denied under another provision of the Contract . § 14.4 TERMINATION BY THE OWNER FOR CONVENIENCE § 14.4.1 The Owner may, at any time, terminate the Contract for the Owner' s convenience and without cause. § 14.4.2 Upon receipt of written notice from the Owner of such termination for the Owner ' s convenience, the Contractor shall: . 1 cease operations as directed by the Owner in the notice ; .2 take actions necessary, or that the Owner may direct, for the protection and preservation of the Work; and .3 except for Work directed to be performed prior to the effective date of termination stated in the notice, terminate all existing subcontracts and purchase orders and enter into no further subcontracts and purchase orders . § 14.4.3 In case of such termination for the Owner' s convenience , the Contractor shall be entitled to receive payment for Work e*eeuted—, executed in accordance with the Contract Documents and costs incurred by reason of such termination, along with reasonable overhead and profit . thereon. AIA Document A201 TM — 1997. Copyright m 19119 1915, 1918, 19259 1937, 1951 , 1958, 1961 , 1963, 1966, 1970, 1976, 1987 and 1997 by The American Institute of Architects. All rights reserved. WARNING : This AIA* Document is protected by U.S. Copyright Law and International Treaties. Unauthorized reproduction or distribution of this AIA® Document, or any portion of it, may result in severe civil and criminal penalties, and will be 42 prosecuted to the maximum extent possible under the law. This document was produced by AIA software at 14:50:06 on 08/10/2005 under Order No. 1000192296_1 which expires on 8/8/2006, and is not for resale . User Notes: (726890250)