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Inspector. No such extension of time shall be valid unless in writing, and no such extension shall release any surety from any bond. When an application has been granted and such bond posted and approved, the Building Department shall issue the relocatie~ permit. "Section 8607. Default in Performance of Conditions. Notice to be Given. (a) Wheuever the Building Inspector shall find that a de- fault has occurred in the performance of any term or condition of any permit, written notice thereof shall be given to the prin- cipal and to the surety on the bond. Such notice shall specify the work to be done, the estimated cost thereof, and the period of time deemed by the Building Inspector to be reasonably neces- sary for the completion of such work. After receipt of such notice, the surety must, within the time therein specified, either cause the required work to b e performed, or failing therein, must pay to the City, the estimated cost of doing the work as set · . pe~ cent forth in the notice, plus an additional sum equal to ~wen~y-r~ve / (25%) of said estimated cost. Upon the receipt of such monies, the Building Inspector shall proceed in such manner as he deems convenient to cause the required work to b e performed and com- pleted, but no liability shall be incurred therein other than for the expenditure and accounting to the surety for the money so paid. The cost of supervision, twenty-five per cent (25%) of the aa ount fixed, may be held by the City. (b) If a cash bond has been posted, notice of default as provided above shall be given to the principal, and if compli- ance is not obtained within the time specified, the Building Inspector shall proceed without delay and without further notice, to use the cash deposit or any portion of such deposit to cause the required work to be done, by contract or otherwise, in his discretion. The balmce, if any, ,shall, upon the completion of