Common use of CONTRACTOR ACTION Clause in Contracts

CONTRACTOR ACTION. After receipt of a notice of termination, and except as otherwise directed by the OWNER or Engineer, the CONTRACTOR shall: A. stop work under the Contract on the date and to the extent specified in the notice of termination; B. place no further orders or subcontracts for materials, services or facilities except as may be necessary for completion of such portion the Work under the Contract as is not terminated; C. terminate all orders and subcontracts to the extent that they relate to the performance of work terminated by the notice of termination; D. transfer title to the OWNER and deliver in the manner, at the times, and to the extent, if any, directed by the OWNER or Engineer: 1. the fabricated or unfabricated parts, work in process, completed work, supplies and other material produced as a part of, or acquired in connection with the performance of, the work terminated by the notice of termination; and 2. the completed or partially completed plans, drawings, information and other property which, if the Contract had been completed, would have been required to be furnished to the OWNER. E. complete performance of such part of the work as shall not have been terminated by the notice of termination; and F. take such action as may be necessary, or as the Engineer may direct, for the protection and preservation of the property related to its Contract which is in the possession of the CONTRACTOR and in which the OWNER has or may acquire an interest. At a time not later than 30 days after the termination date specified in the notice of termination, the CONTRACTOR may submit to the OWNER a list, certified as to the quantity and quality, of any or all items of termination inventory not previously disposed of, exclusive of items the disposition of which has been directed or authorized by the Engineer. Not later than 15 days thereafter, the OWNER shall accept title to such items and remove them or enter into a storage agreement covering the same, provided that the list submitted shall be subject to verification by the Engineer upon removal of the items, or, if the items are stored, within 45 days from the date of submission of the list, and provided that any necessary adjustments to correct the list as submitted shall be made prior to final settlement.

CONTRACTOR ACTION. After receipt of a notice of termination, and except as otherwise directed by the OWNER or EngineerArchitect, the CONTRACTOR shall: A. stop work under the Contract on the date and to the extent specified in the notice of termination; B. place no further orders or subcontracts for materials, services or facilities except as may be necessary for completion of such portion the Work under the Contract as is not terminated; C. terminate all orders and subcontracts to the extent that they relate to the performance of work terminated by the notice of termination; D. transfer title to the OWNER and deliver in the manner, at the times, and to the extent, if any, directed by the OWNER or EngineerArchitect: 1. the fabricated or unfabricated parts, work in process, completed work, supplies and other material produced as a part of, or acquired in connection with the performance of, the work terminated by the notice of termination; and 2. the completed or partially completed plans, drawings, information and other property which, if the Contract had been completed, would have been required to be furnished to the OWNER. E. complete performance of such part of the work as shall not have been terminated by the notice of termination; and F. take such action as may be necessary, or as the Engineer Architect may direct, for the protection and preservation of the property related to its Contract which is in the possession of the CONTRACTOR and in which the OWNER has or may acquire an interest. At a time not later than 30 days after the termination date specified in the notice of termination, the CONTRACTOR may submit to the OWNER a list, certified as to the quantity and quality, of any or all items of termination inventory not previously disposed of, exclusive of items the disposition of which has been directed or authorized by the EngineerArchitect. Not later than 15 days thereafter, the OWNER shall accept title to such items and remove them or enter into a storage agreement covering the same, provided that the list submitted shall be subject to verification by the Engineer Architect upon removal of the items, or, if the items are stored, within 45 days from the date of submission of the list, and provided that any necessary adjustments to correct the list as submitted shall be made prior to final settlement.