lecture 17 contract modifications
Download
Skip this Video
Download Presentation
Lecture 17 – Contract Modifications

Loading in 2 Seconds...

play fullscreen
1 / 4

Lecture 17 – Contract Modifications - PowerPoint PPT Presentation


  • 324 Views
  • Uploaded on

Lecture 17 – Contract Modifications. CEE 474 – Engineering Project Management. Contract Modifications. Modifications, or change orders, are made to contracts to change the price, time, delivery, scope, or quality required of a contract. Modification Categories. Design error

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about 'Lecture 17 – Contract Modifications' - camdyn


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
lecture 17 contract modifications

Lecture 17 – Contract Modifications

CEE 474 – Engineering Project Management

contract modifications
Contract Modifications
  • Modifications, or change orders, are made to contracts to change the price, time, delivery, scope, or quality required of a contract.
modification categories
Modification Categories
  • Design error
  • Differing site condition
  • Value engineering
  • Criteria change (necessary for construction)
  • User/owner request
  • Novation (name change)
  • Default (adverse weather, strikes, acts of God, embargoes, etc.)
  • Termination for convenience (Government only, otherwise it would be breach of contract)
price and time
Price and Time
  • The rule is to “leave them as you found them.” The contract modification should provide an equitable adjustment to contract price and time such that the adjustment for price & time reflects the actual change in price for the contractor to perform the changed work and the time is adjusted to reflected the difference in time it takes to perform the changed work.
ad