Common use of Termination for Convenience by Owner Clause in Contracts

Termination for Convenience by Owner. This Agreement may be terminated by the Owner for its convenience (at its sole discretion and that is not the fault of the CM) at any time during the Pre- Construction Phase or Construction Phase upon at least five (5) business days written notice to the CM in the event that the Project is to be temporarily or permanently abandoned or that the parties are unable or unwilling to agree on a GMP Proposal.

Appears in 3 contracts

Sources: Construction Manager at Risk Agreement, Construction Manager at Risk Agreement, Construction Manager at Risk Agreement