That part of the project life-cycle during which construction contractor s are invited to prepare and submit bids, a selection is made and contract s are award ed. See also implementation phase . Tender Document See Procurement Tender Document . The discontinuation of a project , project phase , stage , activity , or person. Termination A buyer action to end all or part of the work .
Termination can be for the convenience of the buyer or for default .
Default relates to failure of the contractor to perform contract work within the specified time or any other provisions of the contract . The fourth and final phase in the generic project life cycle . Also known as Final or Close-out Phase . Termination Team A project team responsible for wrapping up the administrative details of a project . The technical or special terms used in, or peculiar to, a business, art, science, discipline , field , trade, or special subject.