15 - Painting of Water Towers with new logo

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SECTION 21. TERMINATION FOR DEFAULT. Owner may, upon three3) days written notice to contractor, terminate the entire or any part of this contract if the progress of the Work is impaired or delayed by any work stoppage caused by or related to the contractor, its employees, its subcontractors or suppliers, or any of their agents or if the contractor fails, refuses or neglects to supply sufficient skilled workmen or materials of proper quality or adequate equipment to perform the Work required by this contract, or fails to follow the plans or specifications or keep its work on the schedule required by the owner, or fails in any respect to meet the obligations imposed upon the contractor by this contract. In the event contractor does not remedy the deficiencies, which are the basis of owner's termination within the three 3 da notice period, then this contract shall be deemed terminated and owner shall thereafter have the rights and remedies set forth herein. Owner in its sole discretion shall determine whether contractor has corrected the deficiency within the three (3) day notice period. In the event contractor corrects the deficiency within said notice period to the satisfaction of owner, then this contract shall continue in full force and effect. In the event this contract is terminated, owner shall have the option to provide the necessary labor, material and equipment to complete the Work required by the contract, either in whole or in part, or re -let the remaining Work. In the event this contract is terminated, the owner shall have the right to take possession of all tools, equipment, scaffolding, materials and supplies that are on the job site, in transit to the job site, or related to the Work at the job site, whether said items are owned by the contractor or not, and to use said items in completing this contract. In the event this contract is terminated, the contractor shall immediately discontinue the Work and not place additional orders or contracts for materials, equipment or services with respect to this contract. Owner's maximum liability to contractor pursuant to this paragraph shall be limited to the amount of the contract price as of the termination date, however, said liability shall be decreased by any amounts previously paid on the contract to the contractor prior to the termination date, plus all costs and expenses incurred by owner to complete and pay for the Work required to complete this contract (including but not limited to payment of any contractor creditor claims arising from or related to this contract, reasonable compensation for additional managerial and administrative services of the owner, and reasonable attorney fees and other legal expenses incurred by the owner). All savings realized shall be the sole property of the owner. If the total amount actually paid to the contractor as of the termination date plus the owner's cost to complete this contract (including but not limited to payment of any contractor creditor claims arising from or related to this contract, reasonable compensation for additional managerial and administrative services of the owner and reasonable attorney fees and other legal expenses incurred by the owner) exceeds the total contract price as of the termination date, contractor agrees to promptly pay owner the difference and owner shall be entitled to deduct said amount or any part thereof from any funds otherwise payable to contractor. Notwithstanding any termination of this contract, contractor's obligation to owner shall continue as to all Work performed and the provisions of the contract which by their nature normally survive final acceptance of the Work, shall remain in full force and effect after termination. SECTION 22. TERMINATION FOR CONVENIENCE. Owner shall have the right to terminate this contract or any portion thereof at any time for any reason whatsoever upon written notice to contractor specifying the extent to which this contract is terminated and the date upon 0