Statutes, codes, and regulations
Oregon Revised Statutes
Title 26 - PUBLIC FACILITIES, CONTRACTING AND INSURANCEChapter 279C - PUBLIC CONTRACTING - PUBLIC IMPROVEMENTS AND RELATED CONTRACTSCONSTRUCTION CONTRACTS GENERALLY
TERMINATION OR SUSPENSION OF CONTRACT FOR PUBLIC INTEREST REASONS
Section 279C.660 - Compensation when contract terminated due to public interest

ORS § 279C.660

Download
PDF
Current through 2024 Regular Session legislation
Section 279C.660 - Compensation when contract terminated due to public interest

When a public contract is terminated by mutual agreement, provision shall be made for the payment of compensation to the contractor. In addition to a reasonable amount of compensation for preparatory work and for all costs and expenses arising out of termination, the amount to be paid to the contractor:

(1) Shall be determined on the basis of the contract price in the case of any fully completed separate item or portion of the work for which there is a separate or unit contract price; and
(2) May, with respect to any other work, be a percent of the contract price equal to the percentage of the work completed.

ORS 279C.660

2003 c. 794, § 162