Question
Write briefly on Termination of Contract.
Answer :
Word Count : 509
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Skip in 10
Termination of a contract in construction management refers to the formal ending of a contractual relationship between the parties involved, typically the contractor and the client or employer. This action can be taken by either party based on specific terms outlined within the contract or due to a failure to fulfill obligations. Termination is often a last resort when a party cannot meet the expectations or requirements set out in the agreement. One of the main reasons for termination is the breach of contract. A breach occurs when one party fails to fulfill its duties as specified in the contract. For example, if the contractor fails to complete the project on time, or the employer does not make payments as agreed, the affected party may choose to terminate the contract. A breach may be classified as either a fundamental breach, which significantly impacts the contract’s purpose, or a
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