Common use of Contractor’s Remedies Clause in Contracts

Contractor’s Remedies. If the Subcontractor defaults or neglects to carry out the Work in accordance with this Agreement and fails within three (3) working days after receipt of notice from the Contractor to commence and continue correction of such default or neglect with diligence and promptness to Contractor’s satisfaction, the Contractor may, without prejudice to other remedies the Contractor may have, remedy such default or neglect and withhold, in accordance with Section 11.1.7.2, the reasonable cost thereof from current or future payments due the Subcontractor. If payments due to the Subcontractor are not sufficient to cover such amounts, the Subcontractor shall pay the difference to the Contractor.

Appears in 2 contracts

Samples: One Time Agreement, One Time Agreement

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Contractor’s Remedies. If the Subcontractor defaults or neglects to carry out the Work in accordance with this Agreement the Subcontract and fails within three (3) five working days after receipt of notice from the Contractor to commence and continue correction of such default or neglect with diligence and promptness to Contractor’s satisfactionpromptness, the Contractor may, without prejudice to other remedies the Contractor may have, remedy such default or neglect and withhold, in accordance with Section 11.1.7.2, the reasonable cost thereof from current or future payments due the Subcontractor. If payments due to the Subcontractor are not sufficient to cover such amounts, the Subcontractor shall pay the difference to the Contractor.

Appears in 2 contracts

Samples: Master Agreement, Master Agreement

Contractor’s Remedies. If the Subcontractor defaults or neglects to carry out the Work in accordance with this Master Agreement and fails within three (3) working days after receipt of notice from the Contractor to commence and continue correction of such default or neglect with diligence and promptness to Contractor’s satisfactionpromptness, the Contractor may, without prejudice to other remedies the Contractor may have, remedy such default or neglect and withhold, in accordance with Section 11.1.7.2, the reasonable cost thereof from current or future payments due the Subcontractor. If payments due to the Subcontractor are not sufficient to cover such amounts, the Subcontractor shall pay the difference to the Contractor.

Appears in 2 contracts

Samples: www.bnbuilders.com, www.bnbuilders.com

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Contractor’s Remedies. If the Subcontractor defaults or neglects to carry out the Work in accordance with this Agreement and fails within three (3) working days after receipt of notice from the Contractor to commence and continue correction of such default or neglect with diligence and promptness to Contractor’s satisfaction, the Contractor may, without prejudice to other remedies the Contractor may have, remedy such default or neglect and withhold, in accordance with Section 11.1.7.2, the reasonable cost thereof thereof, plus mark up for cost of services, from current or future payments due the Subcontractor. If payments due to the Subcontractor are not sufficient to cover such amounts, the Subcontractor shall pay the difference to the Contractor.

Appears in 2 contracts

Samples: One Time Agreement, Form of Agreement

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