The Contractor has terminated because he has been released under the law from further performance of the whole of the contract (R17). What is the amount due?
The amount due will be that outlined in A1 (Clause 93.1) and A2 (Clause 93.2). A1 includes:
an amount due for normal payments, the Defined Cost for Plant and Materials Other Defined Cost expected to be incurred in completing the whole of the works, amounts retained by the Employer, deduction of un-repaid balance of an advanced payment. A2 includes: The forecast Defined Cost of removing Equipment.