Defaulting Contractor. The CM, in the event of default by any contractor, agrees to work in concert with CDB and the surety for the defaulted contractor to ensure completion of the contract. The CM may be entitled to additional compensation for services provided in assisting CDB in completion of the defaulted contract.
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Sources: Construction Management Services Agreement, Construction Management Services Agreement, Construction Management Services Agreement
Defaulting Contractor. The CM, in the event of default by any contractor, agrees to work in concert with CDB and the surety for the defaulted contractor to ensure completion of the contract. The CM may be entitled to additional compensation for services provided in assisting CDB in completion of the defaulted contractdefaultedcontract.
Appears in 1 contract