ABSTRACT
Sub-Clause 16.2 addresses termination by the Contractor and begins by identifying the various circumstances where the Contractor shall be entitled to terminate the contract. Unless the Employer remedies the matter described in a Notice given under Sub-Clause 16.2.1 within 14 days of receiving the Notice, the Contractor may by giving a second Notice to the Employer immediately terminate the Contract. The date of Termination shall then be the date the Employer receives this second Notice. A fundamental and substantial obligation is described in Sub-Clause 14.2, which addresses the Advance Payment. The substantial failure of any obligation is not identified under the various circumstances that shall entitle the Contractor to terminate under Sub-Clause 16.2. If the Contractor suffers delay and/or incurs Cost during the above period of 14 days, the Contractor shall be entitled subject to Sub-Clause 20.2 to EOT and/or payment of such Cost Plus Profit.
