contract termination

contract termination

Defense procurement: the cessation or cancellation, in whole or in part, of work under a prime contract or a subcontract thereunder for the convenience of, or at the option of, the government, or due to failure of the contractor to perform in accordance with the terms of the contract (default).
Mentioned in ?
References in periodicals archive ?
ENPNewswire-August 16, 2019--Fitch Ratings Reaffirms Denver International Airport's Strong Financial Position After Great Hall Contract Termination
The company currently anticipates employee-related costs totaling approximately $33M which will include severance and other termination benefits; and other costs totaling approximately $17M which will primarily consist of charges related to relocation, third party legal and consulting fees, and contract termination costs.
A comparison will then be made of costs before and after the contract termination of the contract.
Summary: Sydney [Australia], Apr 11 (ANI): Australian rugby player Israel Folau is likely to face contract termination after he shared a homophobic post on social media.
The charter says the council will: *Train its corporate procurement team to understand modern slavery using the Chartered Insitute of Procurement and Supply's (CIPS) online course * Require contractors to comply fully with the Modern Slavery Act 2015, wherever it applies, with contract termination as a potential sanction for non-compliance; * Challenge any abnormally low-cost tenders to ensure they do not rely upon the potential contractor practising modern slavery; * Highlight to suppliers that contracted workers are free to join a trade union and are not to be treated unfairly for belonging to one; * Urge staff to blow the whistle on any suspected examples of modern slavery.
Although the project consultant Engineer eptisa BETs JV has recommended contract termination as the contractor has left the site without any information and the board had issued the 'Notice to Contract Termination' against the CMC last week, the MWSP has to wait till February 6 because as per the existing law, the contractor has 14-day to contact board if it wanted to continue the project construction.
FLIQ3 is expected to earn nearly all of its revenue under fixed-price Liquefaction Tolling Agreements (LTA), but weak counterparty credit quality heightens the risk of unreimbursed contract termination for nearly 50% of the project's capacity.
In addition to the contract termination, the GEMA's Board has also informed Vox Mobile that all access, reference or use of any of GEMA International's intellectual property, which has been granted according to the terminated contracts, has been revoked.
In his response, Lim said a majority of those affected by the contract termination could be re-hired by the new contractor.
She said the firm lacked a valid reason and violated a contract termination procedure stipulated in law.
Councillor for Moroka, Mr Egbert Tshandu stated that it was time the district leaders explored the terms of contract termination because the company was failing to deliver.
Barwa subsidiary signs contract with Qatar Petroleum Barwa Real Estate Company has announced that its fully owned subsidiary, Qatar Real Estate Investments Company Alaqaria, has signed contract termination and discharge release for financial leasing agreements, related to real estate projects, with Qatar Petroleum that Alaqaria has been constructing to be leased to Qatar Petroleum, according to a statement posted on QSE website.