Answer: A contract suspension is the temporary cessation of performance. It's not the same as the suspension of a particular contractor or supplier. It also differs from termination, which is a permanent cessation of performance. An order to suspend or terminate a project may result from a variety of circumstances – owner, economic, political/public, environmental, or other imminent threats. Termination of a contractor and use of a replacement contractor typically (though not always) costs money and delays project completion. In addition, if the terminating party doesn't have sufficient grounds to terminate, that party may be exposed to lost profits and other damages due to wrongful termination.
Step-by-step explanation: