Is it always in the best interests of the Employer to terminate if the Contractor is faced with bankruptcy, receivership or administration?

NEC3 and NEC4 Contracts Termination
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Is it always in the best interests of the Employer to terminate if the Contractor is faced with bankruptcy, receivership or administration?

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No. The Employer should explore the possibility of having the Contractor complete the works or transferring the contract to a third party since this will minimise disruption. It is not advisable for the Employer to immediately exercise his right to termination.