176.110 Breach of contract -- Cancellation to keep expenditures within annual income. - Kentucky Statutes

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176.110 Breach of contract -- Cancellation to keep expenditures within annual income. (1) If any person having a contract with the department fails to carry out the contract, the department may cancel the contract and reaward it without advertisement if it
can obtain a qualified contractor to perform the work at the original contract price
or for less. Otherwise the work shall be advertised as required by law. (2) When the department ascertains that the cost of any contract or the cost of continued work on any contract will exceed the revenues of the fiscal year, the
department may cancel any such contract or any portion thereof necessary in order
to keep expenditures within the revenues of the fiscal year, and may contract for the
completion of such work when the funds are available without advertising the work
if it can obtain a qualified contractor to assume the work at the original contract
price. Otherwise the work shall be advertised as required by law. Effective: October 1, 1942
History: Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 4356t-3f.