When any contract for the construction or improvement of a state highway, or for the construction or improvement of a bridge, has not been carried out or work thereunder has been suspended by virtue of an order or directive of any officer or agency of the federal government issued under authority vested in or delegated to such officer or agency during any national emergency, and the Commission finds that in order to prevent further delay in the construction and completion of any such project, or that for any other reason it is to the best interest of the state to renegotiate the contract with the original contractor, or to cancel the contract and relet the same on advertised bids, the Commission in its discretion may renegotiate the contract with the original contractor on the most advantageous terms to the state obtainable, or may cancel the contract with the consent of the contractor upon such terms as may be mutually agreed upon and relet the cancelled contract on advertised bids at a public letting.
Laws 1968, c. 415, § 1102, operative July 1, 1968.