Asphalt Overlay of CDC Roads - Clark Freeport Zone

17. Termination for Default of Procuring Entity17.1. The Contractor may terminate this Contract with the Procuring Entity ifthe works are completely stopped for a continuous period of at leastsixty (60) calendar days through no fault of its own, due to any of thefollowing reasons:(a)(b)Failure of the Procuring Entity to deliver, within a reasonabletime, supplies, materials, right-of-way, or other items it isobligated to furnish under the terms of this Contract; orThe prosecution of the Work is disrupted by the adverse peaceand order situation, as certified by the Armed Forces of thePhilippines Provincial Commander and approved by theSecretary of National Defense.18. Termination for Other Causes18.1. The Procuring Entity may terminate this Contract, in whole or in part,at any time for its convenience. The Head of the Procuring Entity mayterminate this Contract for the convenience of the Procuring Entity ifhe has determined the existence of conditions that make ProjectImplementation economically, financially or technically impracticaland/or unnecessary, such as, but not limited to, fortuitous event(s) orchanges in law and National Government policies.18.2. The Procuring Entity or the Contractor may terminate this Contract ifthe other party causes a fundamental breach of this Contract.18.3. Fundamental breaches of Contract shall include, but shall not belimited to, the following:(a)(b)The Contractor stops work for twenty eight (28) days when nostoppage of work is shown on the current Program of Work andthe stoppage has not been authorized by the Procuring Entity’sRepresentative;The Procuring Entity’s Representative instructs the Contractor todelay the progress of the Works, and the instruction is notwithdrawn within twenty eight (28) days;(c)The Procuring Entity shall terminate this Contract if theContractor is declared bankrupt or insolvent as determined withfinality by a court of competent jurisdiction. In this event,termination will be without compensation to the Contractor,provided that such termination will not prejudice or affect anyright of action or remedy which has accrued or will accruethereafter to the Procuring Entity and/or the Contractor. In thecase of the Contractor's insolvency, any Contractor's EquipmentClark Development Corporation56Section IV General Conditions of the ContractAsphalt Overlay of CDC Roads