ABSTRACT
The contract provides for termination of the employment of the contractor under stated circumstances. Under Standard Building Contract , the contractor must notify the employer in writing in the event of liquidation or insolvency. One of the consequences of termination is that it often takes time for the contractor to effect an orderly withdrawal from site, and for the employer to establish the amounts outstanding before final payment. Despite the good intentions of both parties at the outset of a contract, breaches of contract sometimes occur. Building contracts usually have express provisions to deal with certain foreseeable situations which might otherwise be breaches. Termination by the contractor is optional in the case of the employer’s bankruptcy or insolvency. The contractor must issue a notice and termination would take effect from the receipt of the notice.
