Section 8. Right to annul contracts

Upon the failure or non-performance of
  the  terms of any of the contracts set forth in this chapter on the part
  of the contractors with  the  state,  the  commissioner  may  annul  the
  contract  in  which  default  is made and the comptroller shall withhold
  payment from the contractor for all work done by him until the damage to
  the state shall be ascertained by  proper  adjudication,  and  the  said
  commissioner  may  readvertise and enter into a contract for the balance
  of the uncompleted term of any contract so annulled or abrogated in  the
  manner prescribed in the provisions of this chapter.