Sec. 24. The department may proceed to negotiate a contract under this chapter with another CMGC or PDB, or terminate a project if any of the following occur:
(1) A contract is terminated under section 23 of this chapter.
(2) The department and the selected CMGC or PDB are unable to reach agreement on a contract.
(3) The CMGC or PDB selected under section 18 of this chapter does not provide the required bonds as described in the request for proposals.