If the contractor fails to complete the work within the time specified in the contract or any extension approved under section 3.56.210, the city may terminate the contract and the contractor shall not be paid or allowed any further compensation for any work done under the contract. The city council may proceed to complete the contract either by reletting or otherwise, and the contractor and surety, if any, shall be liable to the city for all loss or damage that the city may suffer on account of the failure to complete the contract on time. (Ord. 2024-0010 § 4)