What is the cure period for the Contractor to remedy a default?

The cure period for the Contractor to remedy a default is specified as ten days. This period is a reasonable timeframe that allows the Contractor to address and rectify any issues or defaults that may arise during the contract's execution. The ten-day duration is designed to ensure that the Contractor has enough time to take corrective action while also keeping the project timeline on track and minimizing disruption.

This practice aligns with standard contract management principles, ensuring that both parties have a clear understanding of their responsibilities and the consequences of default. By establishing a clear and defined cure period, the agreement helps maintain accountability and encourages timely resolution of any discrepancies that could affect the successful completion of the contract.