Adjustment of Contract Sum or Contract Time Clause Samples

The "Adjustment of Contract Sum or Contract Time" clause defines the process by which the total price or duration of a contract may be modified in response to certain events or changes. Typically, this clause outlines the circumstances under which adjustments are permitted, such as changes in the scope of work, unforeseen site conditions, or delays beyond the contractor's control. For example, if additional work is required or if there are delays caused by the client, the contract sum or completion date may be revised accordingly. The core function of this clause is to provide a fair and structured mechanism for addressing changes during the project, thereby reducing disputes and ensuring both parties are treated equitably when circumstances change.
Adjustment of Contract Sum or Contract Time. If during and in the performance of the Work, Construction Manager encounters concealed conditions it believes are at variance with the conditions indicated in the Contract Documents or if Construction Manager encounters unknown physical conditions of an unusual nature which differ materially from those depicted in the Contract Document, the Contract Sum or Contract Time may be equitably adjusted by Change Order upon claim by either party made in writing under the provisions and requirements of Article 9 of this Exhibit A.
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Adjustment of Contract Sum or Contract Time. If during and in the performance of the Work, Design Builder encounters concealed conditions it believes are at variance with the conditions indicated in the Contract Documents or if Design Builder encounters unknown physical conditions of an unusual nature which differ materially from those depicted in the Contract Document, the Contract Sum or Contract Time may be equitably adjusted by Change Order upon claim by either party made in writing under the provisions and requirements of Article 16 of this Exhibit A.
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Related to Adjustment of Contract Sum or Contract Time

  • Contract Task Order A- E shall be assigned work via a task order by COUNTY which shall subsequently be referred to as the “Contract Task Order” (hereinafter “CTO”). A CTO for each project shall be developed by A-E in conjunction with COUNTY Project Management staff. The County Project Manager shall manage all A-E’s work including monitoring the CTO work schedule, quality of deliverables, review of invoiced amounts, adherence to set budget, and internal review of submittal packages. A-E shall follow all requirements as outlined in the CTO; this general Scope of Work, the project specific Scope Statement, and the Architect-Engineer Guide (Rev July 2018). The CTO shall include a detailed Scope Statement, describing tasks to be performed with a specific list of deliverables for each task, schedule of work and cost to complete the work. The schedule of work shall allow enough time for meetings with County Management staff to review the work progress, provide technical and policy direction, resolve problems and ensure adherence to the work completion schedule. The CTO shall include a cover sheet provided by County Project Management staff with the appropriate signature blocks and contract information. Once both Parties agree, and all Parties have signed the CTO, County Management staff shall provide A-E with a Notice to Proceed (NTP) to begin work. A-E shall submit all plans, reports and other documents produced under the CTO to the assigned County Project Manager within the timeframe indicated in the CTO or as directed by County Project Management staff.

  • Contract Type Full time equivalency (FTE); and,

  • DISTRIBUTION OF CONTRACTOR PRICE LIST AND CONTRACT APPENDICES Contractor shall provide Authorized Users with electronic copies of the Contract, including price lists and Appendices, upon request. Contract Updates will be handled as provided in Appendix C – Contract Modification Procedures.

  • C1 Contract Price In consideration of the Contractor’s performance of its obligations under the Contract, the Authority shall pay the Contract Price in accordance with clause C2 (Payment and VAT).

  • THE CONTRACT SUM The Owner shall pay the Contractor for the performance of the contract, subject to additions and deductions provided by approved change orders, in current funds, the Contract Sum as follows: