non-performance


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non-performance

Said of a building contractor’s failure to perform the work, 1 called for in the contract documents.
References in periodicals archive ?
The notes are currently rated four notches below the Viability Rating - two for high loss severity and two for the incremental non-performance risk.
One loophole that foreign companies have been exploiting is the lack of clarity in ownership structure of project contractors, which enables them to dodge or transfer responsibilities to other parties or sell shares of local companies on foreign soil, thereby bypassing the exchequer or escaping culpability on non-performance.
New Delhi [India], August 6 ( ANI ): Two Indian Police Service (IPS) officers have been for non-performance in Chhattisgarh.
A club statement read: "Aaron McCarey has failed an out of competition Football Association drug test for a non-performance enhancing substance.
As Basel 3-Tier 2 instruments specify that losses are triggered only at the point of non-viability, Fitch further explained that the "non-performance risk of these securities is judged to be broadly similar to that of senior debt, and therefore (Fitch) does not apply any incremental notching for non-performance risk for these instruments.
However, notwithstanding any agreement to the contrary the specified sum may be reduced to a reasonable amount where it is manifestly disproportionate to the loss envisaged as capable of resulting in relation to the loss resulting from the non-performance and to the other circumstances.
Non-performance issues with employees often end up on the back burner.
SO CARLOS Cuellar apologises for that non-performance at the Emirates at the weekend, so brave and patronising of him.
Non-performance and remedies under international contract law principles and Indian contract law; a comparative survey of the UNIDROIT principles of international commercial contracts, the principles of European contract law, and Indian statutory contract law.
It means that the party who paid the advance payment has a right to require the other party to repay the advance payment in all non-performance of contract cases, but the party who is liable for non-performance of the contract shall not be bound to pay the double amount of the advance payment.
We served up a non-performance with departing duo Scott McDonald and Brian Kerr left in no doubt about exactly when and how they should pack their bags.
Chief executive Rupert Dickinson received pounds 856,000 in 2006, made up of pounds 458,000 in non-performance related pay and a performance- related bonus of pounds 398,000.