Common use of DEDUCTIONS FROM CONTRACT PRICE Clause in Contracts

DEDUCTIONS FROM CONTRACT PRICE. All costs, charges or expenses payable by the Contractor under the terms of the contract or as per the applicable laws, in respect of which he makes default in payment, shall be the liability of the Contractor. Such amount or due may be paid by the Company and the Company shall be entitled to recover the same from the Contractor by deducting the said amounts from the Contractor‟s monthly ▇▇ ▇▇▇▇▇.