Hapless Contractors, Inc. was awarded a contract with the Department of Justice to construct a parking complex for its employees. Shortly after Hapless began working, the government contracting officer heard a rumor that Hapless was considering bankruptcy and may not be able to meet payroll for its employees. The government requested adequate assurances that Hapless was financially fit.

What is an adequate assurance and what may the government do if Hapless fails to provide adequate assurances in this scenario?