What does: "You Contract Time EXPIRED on xx/xx/2014."
Answer
"Contract Time" means the time between the date of commencement and the required date of completion. When the Contract Time expires, if the work is not substantially complete, then the contractor is in breach of contract. What the remedies are for that breach depends on many factors. But if the contractor does not have a good excuse for late completion, then it's a breach of contract and a suit may result.
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