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ARTICLE 12 TERMINATION OF THE AGREEMENT § 12. 1 TERMINATION BY THE OWNER § 12. 1 . 1 This Part 2 Agreement may be terminated by the Owner upon 14 days' written notice to the Design/Builder in the event that the Project is abandoned . If such termination occurs , the Owner shall pay the Design/Builder for Work completed and for proven loss sustained upon materials , equipment, tools , and construction equipment and machinery, including reasonable profit and applicable damages. § 12. 1 .2 If the Design/Builder defaults or persistently fails or neglects to carry out the Work in accordance with the Contract Documents or fails to perform the provisions of this Part 2 Agreement, the Owner may give written notice that the Owner intends to terminate this Part 2 Agreement. If the Design/Builder fails to correct the defaults, failure or neglect within seven (7) days after being given notice, the Owner may then give a second written notice and , after an additional seven (7) days , the Owner may without prejudice to any other remedy terminate the employment of the Design/Builder and take possession of the site and of all materials , equipment, tools and construction equipment and machinery thereon owned by the Design/Builder and finish the Work by whatever method the Owner may deem expedient . If the unpaid balance of the Contract Sum exceeds the expense of finishing the Work and all damages incurred by the Owner, such excess shall be paid to the Design/Builder. If the expense of completing the Work and all damages incurred by the Owner exceeds the unpaid balance , the Design/Builder shall pay the difference to the Owner. This obligation for payment shall survive termination of this Part 2 Agreement. § 12, 2 TERMINATION BY THE DESIGN/BUILDER § 12.2. 1 If the Owner fails to make payment when due in accordance with the Florida Prompt payment Act FS.4218 70 et seq., the Design/Builder may give written notice of the Design/ Builder's intention to terminate this Part 2 Agreement. If the Design/Builder fails to receive payment in accordance with the Florida Prompt payment Act FS$ 218. 70 et seg . , the Design/Builder may give a second written notice and , seven (7) days after receipt of such second written notice by the Owner, may terminate this Part 2 Agreement and recover from the Owner payment for Work executed and for proven losses sustained upon materials, equipment, tools , and construction equipment and machinery, including reasonable profit and applicable damages . ARTICLE 13 BASIS OF COMPENSATION The Owner shall compensate the Design/Builder in accordance with Article 5 , Payments , and the other provisions of this Part 2 Agreement as described below. § 13. 1 COMPENSATION § 13. 1 . 1 For the Design/Builder's performance of the Work, as described in Section 3 . 2 and including any other services listed in Article 14 as part of Basic Services, the Owner shall pay the Design/Builder in current funds the Contract Sum as follows: 21