Normally, if the Contractor didn't do what it agreed to do, the Company could only sue the Contractor for money damages.
This paragraph says that the Company can sue the Contractor and get the court to actually force the Contractor to perform under the contract.
I hate to be picky, but a contractual provision must be read in the context of the entire contract. Reading a contract out of context can be misleading. I'd recommend that you consult an experienced attorney and have thmreview the whole agreement before you act on any advice.
The above is not a full and complete answer in that it is based on the limited facts known at the time of the answer. With that in mind, the above is intended as a starting point, not to be construed as legal advice. If after reviewing the answer you still have additional questions, please feel free to contact me through my office so we may discuss the matter more fully. I can be reached through our website at foxandsmith.com