Replacement Contractor Clause Samples
The Replacement Contractor clause defines the process and rights related to hiring a new contractor if the original contractor fails to perform or is terminated. Typically, this clause outlines the circumstances under which a replacement can be appointed, the procedures for selecting and engaging the new contractor, and the responsibilities for costs or delays that may result. Its core function is to ensure continuity of the project by providing a clear mechanism for substituting contractors, thereby minimizing disruption and protecting the interests of the party relying on the contracted work.
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Replacement Contractor. The Authority may enter into a new contract with another contractor that will occupy the Premises for all or any part of the unexpired portion of the period of this Contract or for any longer period. The Authority has the sole and absolute discretion with respect to the selection of a new contractor and the use of the Premises. The Authority shall be under no obligation to enter into or attempt to enter into a new contract for the Premises.
Replacement Contractor. In the event that OGS terminates this Aggregate Hardware Buy 18-01 Agreement or any awarded Configuration included herein, OGS reserves the right to then make an award to the Contractor with the next highest Total Financial Score that is willing to accept an Agreement or Configuration award. Under no circumstances will the new awardee be permitted to increase its component prices for Standard Configurations or decrease the percentage discounts on Required Product categories that were finalized at the conclusion of the On-Line Reverse Auction.
Replacement Contractor. The Airports Authority may enter into a new contract with another contractor that will occupy the Premises for all or any part of the unexpired portion of the Contract Term or for any longer period. The Airports Authority has the sole and absolute discretion with respect to the selection of a new contractor and the use of the Premises. The Airports Authority shall be under no obligation to enter into or attempt to enter into a new contract for the Premises.
Replacement Contractor. If requested by OGS, Contractor shall provide backup documentation of all quarterly sales reports to support a sales and fiscal audit of the Administrative Fee to be paid to OGS. These records will be made available on request, no more than fifteen (15) business days after request, in a searchable electronic format as specified by OGS.
Replacement Contractor. In the event that OGS terminates this Contract, OGS reserves the right to then make a contract award to the RFP 23116 Bidder with the next highest Final Cost Proposal Score that is willing to accept a Contract award. The new Contract awardee will be required to update its original Cost proposal, which shall include any decreases in Net Reseller Cost and which may include any increases in Net Reseller Cost that occurred after July 12, 2018, the deadline for Submission of Bid and Bid Opening of RFP 23116. Prices will increase or decrease by the Contractor applying the applicable Program Agreement Cost-Plus/Cost-Minus Percentage, included in the Contractor’s original Bid submission, to the then current Net Reseller Cost set by Microsoft for each SKU. Under no circumstances will the new Contract awardee be permitted to increase the Cost-Plus Percentages or decrease the Cost-Minus Percentages included with its initial Bid submission. Any changes in pricing attributable to a change in Net Reseller Cost are required to be attested to by the Contractor via Appendix L, Contractor Attestation.