45A.200 Contract adjustment clauses -- Termination clause.
Download pdf
Loading PDF...
<![CDATA[
45A.200 Contract adjustment clauses -- Termination clause.
(1) For all construction contracts expected to exceed fifty thousand dollars ($50,000) in
price, the secretary of the Finance and Administration Cabinet shall specify clauses <br>providing for adjustments to contract terms and conditions where there has been: <br>(a) A unilaterally ordered change by the Commonwealth; or <br>(b) A site condition differing from that indicated in the contract except for
turnkey contracts or negotiated contracts when appropriate written findings of <br>fact have been made; or
(c) Variation in the estimated quantities in a contract providing for estimated
quantities; or
(d) A unilateral suspension of work by the Commonwealth.
(2) In addition, there shall also be specified for inclusion in all construction contracts
expected to exceed fifty thousand dollars ($50,000) in price a clause providing that <br>a contract may be terminated for the convenience of the Commonwealth or for <br>default, and further providing for liquidated damages when appropriate and as <br>specified in the contract schedule, with excuses for nonperformance specifically <br>provided for therein.
(3) The above specified clauses and conditions required for inclusion in all construction
contracts expected to exceed fifty thousand dollars ($50,000) in price shall be <br>available for optional use in other construction contracts.
Effective: January 1, 1979 <br>History: Created 1978 Ky. Acts ch. 110, sec. 40, effective January 1, 1979.
]]>