Explain the term "contractor's default."

The term "contractor's default" specifically refers to a situation where a contractor does not fulfill the obligations outlined in a contract. This can occur for various reasons, such as failing to complete work on time, not adhering to specified quality standards, or not providing necessary materials as promised. In the context of construction and contracting, this failure can lead to legal repercussions, including breach of contract claims, financial penalties, or even termination of the contract. Understanding this definition is crucial for contractors and clients alike, as it helps both parties navigate their responsibilities and manage expectations throughout a project.