Common use of PROGRESS OF THE WORK Clause in Contracts

PROGRESS OF THE WORK. If for any reason whatsoever other than those specified in clause 13 below the contractor’s preparation for the commencement of the work or any portion of it, or his subsequent rate of progress be so slow, that in the opinion of the Inspecting Authority whose decision shall be final, the contractor shall be unable to complete the work as agreed upon or should the contractor fail to deliver the vehicles in conformity with the contract in any respect fail to perform the contract except for any reason other than those specified in clause 13 below, or should be adjusted insolvent, or have receiving order made against him or made or enter into any arrangement or composition with his creditors, or suspend payment or being a company is wound up (either compulsory or voluntary), the President of India shall have the power to terminate the contract by notice in writing, in which case the contractor shall be held liable for liquidated damages for delay and for any expense, loss or damage which the President of India may be put to incur or sustain by reason of the termination mentioned above. 14 days notice shall be given to the contractor if the contract is terminated before the expiry of the stipulated date of delivery or the extension thereof.