Laserfiche WebLink
Provision Chan�e <br /> 12.4.8 If the Owner reasonably detemunes that the portion of the Guaranteed <br /> Maximum Price Contract Sum then remaining unpaid will not be sufficient to <br /> complete the Work in accordance with the Contract Documents,whereupon no <br /> additional payments will be due the Contractor hereunder unless and until the <br /> Contractor, at his sole cost, performs a sufficient portion of the Work so that <br /> the portion of the Guaranteed Maximum Price Contract Sum then remaining <br /> unpaid is determined by the Owner to be sufficient to complete the Work." <br /> 12.3 Following Paragraph 123,the following is hereby inserted: <br /> "12.4 The Contractor shall promptly pay all bills for labor and material performed and <br /> fiunished by others in connection with the perfom�ance of the Work, and if any <br /> mechanics' or materialmen's liens shall be filed against the Project in connecrion with <br /> the Work, the Contractor shall prompfly pay the same or cause them to be discharged <br /> upon demand by the Owner as provided in SubparaQraph 93.1.2 of the General <br /> Conditions,as supplemented." <br /> 13.1 The following language is hereby inserted at the end of the first sentence of Paragraph 13.1: <br /> "as amended." <br /> The following language is hereby deleted from the last sentence of Paragraph 13.1: <br /> ", except that the Contractor's Fee shall be calculated as if the Work had been fully <br /> completed by the Contractor, including a reasonable estimate of the Cost of the Work <br /> for Work not actually completed" <br /> 13.1.1 Following Paragraph 13.1,the following is hereby inserted: <br /> "13.1.1 Upon termination of this Contract, Contractor shall execute and deliver all <br /> such papers and documents, and take all such steps, including the legal assignment of <br /> all subcontracts,as Owner may require. <br /> 13.1.2 Owner may terminate this Contract in whole or in part at any time without <br /> cause by giving the Contractor seven(7) days written norice thereof. Upon receipt of <br /> such written notice, the Contractor shall (i) stop all Work except as the Owner may <br /> otherwise direct, (ii) incur no further liabilities, and (iii) take all such actions as are <br /> necessary or as Owner may direct to protect the Work and to minimize all costs <br /> resulting from the texminarion. If the Owner so terminates this Contract without cause, <br /> Contractor shall be enritled to receive payment for all amounts then due, including <br /> retainage and reasonable close-out costs approved by Owner;provided,however,that in <br /> no event shall such amounts exceed the total Contract Suxn reduced by the amount of <br /> prior payments. Nothing in this Subparagraph shall in any way affect Owner's right to <br /> ternunate the Contract because of Contractor's default, as set forth in the General <br /> Condirions, nor affect any remedies therefor. Subcontracts and Sub-subcontracts, as <br /> well as purchase orders, shall contain appropriate provisions for terminarion and/or <br /> assignment to the Owner under this Paragraph." <br /> 13.4 Following Paragraph 13.4,the following is hereby inserted: <br /> "13.5 The Contractor shall not be enritled to any portion of Savings if the Owner <br /> terminates this contract for cause or if the Con�actor terminates this Agreement for any <br /> 7 <br /> Doc#:CHI01(239130-00107)50130735v3;08/12/2003lTime:10:48 <br />