Puauc PRocuREMENT AND DISPOSAL OF Pusuc AssETs Cap.22:23 No.S/2017 subsection ( 1) or (2), it shall reserve to the procuring entity the right to reject insurance coverage that does not comply with the requirements stated in the contract. 87 Remedies for breach of contract A procurement contract shall provide the procuring entity with one or more lawful remedies in the event of breach of contract by the contractor, which remedies may include(a) rejection of defective performance; and (b) prompt removal and replacement of defective goods, or repair or replacement of defective performance; and (c) liquidated damages; and (d) termination of the contract and procurement of replacement performance, at the expense of the defaulting party. 88 Liquidated damages for delay Where a procurement contract provides that the contractor is liable to pay an agreed percentage of the contract value for delay in the performance due under the contract, the provision shall specify(a) the amount to be paid for each day, week or month of the delay; and (b) (c) (d) (e) 89 the maximum period of delay allowed before a contract can be terminated; and that the contractor is not relieved of its liability for performance under the contract by virtue of payment under the provision; and that if the procuring entity terminates the contract for delay, the contractor will be liable for liquidated damages accruing until the procuring entity reasonably obtains delivery or performance of a similar procurement requirement from another contractor, and that those liquidated damages are in addition to liability for any extra costs of entering into a further procurement contract with that other contractor; and that the contractor will not be charged liquidated damages when the delay in delivery or performance is beyond the contractor's control and is not caused by fault or negligence on the part of the contractor. Contract termination The grounds stated in a procurement contract as justifying termination of the contract by the procuring entity may include(a) default on the part of the contractor in performance under the contract; and (b) the public interest; and (c) supervening impossibility of performance. PART XII DISPOSAL OF PuBuc AssETS 90 Responsibility for disposal of public assets The accounting officer of a procuring entity shall be responsible for ensuring that the entity, in accordance with this Part, disposes of its public assets that are unserviceable, obsolete or surplus. 91