Question: NEC 4 If the Contractor has exercised its right to terminate its obligation to Provide the Works for the reason described in clause 9 1
NEC
If the Contractor has exercised its right to terminate its obligation to Provide the Works for the reason described in clause under a contract with main Option C which ONE of the following statements best describes how the Price for Work Done to Date is calculated when assessing the amount due for the Contractor's share?
Select ONE option
The total Defined Cost paid by the Contractor and has been committed to be paid before termination
The total Defined Cost which the Project Manager forecasts will have been paid by the Contractor before the next assessment date plus the Fee
None of the above as the Contractor's share is not payable on termination
A fair and reasonable amount assessed by the Project Manager in accordance with the contract and agreed by the Client
The total Defined Cost which has been paid by the Contractor before the Contractor notified the Client and the Project Manager of its wish to terminate
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