Illinois Administrative Code
Title 44 - GOVERNMENT CONTRACTS, GRANTMAKING, PROCUREMENT AND PROPERTY MANAGEMENT
Part 4 - CHIEF PROCUREMENT OFFICER FOR PUBLIC INSTITUTIONS OF HIGHER EDUCATION STANDARD PROCUREMENT
Subpart I - CONTRACTS
Section 4.2065 - Cancellation of Contracts
Current through Register Vol. 48, No. 12, March 22, 2024
a) In any of the following cases, the university shall have the right to terminate or rescind any contract entered into under this Part without penalty:
b) Damages
The damages for which the State may be compensated as provided in this Section or by a suit on the vendor's performance bond or by other legal remedy shall include, but are not limited to, the following:
c) Withholding Money to Compensate State for Damages
If a contract is terminated or rescinded under this Section, the university may deduct from whatever is owed the vendor on that or any other contract an amount sufficient to compensate the university for any damage resulting from termination or rescission.
d) A university shall notify the SPO of any contract that is cancelled, terminated or rescinded under this Section. The determination to terminate or rescind the contract may be used by a university or CPO-HE in future determinations of the vendor's responsibility.