Free PMP Exam Sample Question
Question:
You are the project manager of a shopping complex construction project. One of your contractors is not performing to the agreed standards. You want to terminate the contract and engage another contractor for the same job. You need to find out the legal procedure for the early termination of the contract. Which project document should you consult to obtain this information?
A. Project Management Plan
B. Risk Register
C. Contract with the contractor company
D. Scope Statement
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HINT: Where will you find the early termination clause for the contract between your company and the contractor?
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Answer and Explanation:
The Correct Answer is C.
Early termination of a contract is a special case of procurement closure that can result from a mutual agreement of both parties, from the default of one party, or for convenience of the buyer if provided for in the contract. The rights and responsibilities of the parties in the event of an early termination are contained in the termination clause of the contract.