Change estimate Clause Samples

A Change Estimate clause defines the process by which the cost and time implications of proposed changes to a project or contract are assessed and communicated. Typically, when a party requests a modification to the original scope of work, the contractor or service provider must prepare an estimate detailing the additional expenses and any adjustments to the project timeline. This clause ensures that both parties have a clear understanding of the financial and scheduling impact of changes before they are formally approved, thereby preventing disputes and facilitating informed decision-making.
Change estimate. Unless otherwise is specified in Appendix 6 or the change order itself, the Contractor shall, within a maximum of ten (10) working days from receipt of a written request for a change, submit a study of potential risk and change consequences, as well as a price estimate. In the event of a request for major changes, the parties shall agree an extension of the deadline with such number of days as is deemed to be reasonable. In such circumstances, the Contractor may require an extension of the time-limit of up to ten (10) working days. The request for an extension of the deadline must be submitted before the end of the ten-day deadline in the first sentence. At a minimum, the study shall include the following: a) description of the change b) description of the scope of work that needs to be carried out as a result of the change, and the time required for such work c) implications for the requirement specification/solution specification and/or detailed specification d) implications for the requirements applicable to the Customer's technical platform e) implications for the contract price, with a detailed specification of the calculation basis, cf. clause 3.5 f) implications for the progress plan, cf. clause 3.5 g) changes to the Customer participation requirements h) changes to test plans and test criteria i) implications for the future maintenance of the standard system and the developed software, and the relation between these
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Change estimate. The Contractor shall, within a maximum of ten (10) working days from receipt of a written request for a change, submit a study of potential risk and change consequences, as well as a price estimate. In the event of a request for major changes, the parties agree to extend the time limit with such number of days as is deemed to be reasonable. At a minimum, the study shall include the following: description of the change description of the scope of work that needs to be carried out as a result of the change, and the time required for such work implications for the requirement specification/solution specification/detailed specification implications for the requirements applicable to the Customer's technical platform implications for the contract price, with a detailed specification of the calculation basis, cf. Clause 3.5 implications for the progress plan, cf. Clause 3.5 changes to the Customer participation requirements changes to test plans and test criteria implications for the future maintenance of the system Documented costs in connection with the preparation of change estimates shall be carried by the Customer in accordance with the prices and terms applicable to supplementary work, cf. Appendix 7. If standard prices for the preparation of change estimates are set out in Appendix, the Contractor shall not be entitled to the reimbursement of any costs in excess thereof, unless the Customer has given its prior written approval of a larger estimate. If the preparation of a change estimate does in itself necessitate changes to the progress plan, the Contractor may request that the plan be adjusted. Change orders If the Customer accepts the study and the price submitted by the Contractor, the Customer shall inform the Contractor, by issuing a change order, that it wishes the change to be implemented. The change order shall be signed by the Customer. Thereafter, the Contractor shall, within ten (10) working days of the Contractor receiving the signed change order, ensure that the change order is incorporated into the Agreement, with changes to specifications, the progress plan, the technical platform, tests, required contributions from the Customer, as well as changes to the contract price, being set out in the Agreement. The changes shall be presented to the Customer for its approval. The terms and conditions of the Agreement shall apply to change orders as well, unless otherwise explicitly stated in the change order. Documentation of the change Changes to t...
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Change estimate. Competency Training may provide a written estimate of the value and impact of the Change.
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Change estimate. ‌ Unless otherwise is specified in Appendix 6 or the change order itself, the Contractor shall, within a maximum of ten (10) working days from receipt of a written request for a change, submit a study of potential risk and change consequences, as well as a price estimate. In the event of a request for major changes, the parties shall agree an extension of the deadline with such number of days as is deemed to be reasonable. In such circumstances, the Contractor may require an extension of the time-limit of up to ten (10) working days. The request for an extension of the deadline must be submitted before the end of the ten-day deadline in the first sentence. At a minimum, the study shall include the following: a) description of the change b) description of the scope of work that needs to be carried out as a result of the change, and the time required for such work c) implications for the requirement specification/solution specification and/or detailed specification d) implications for the requirements applicable to the Customer's technical platform e) implications for the contract price, with a detailed specification of the calculation basis, cf. clause 3.5 f) implications for the progress plan, cf. clause 3.5 g) changes to the Customer participation requirements h) changes to test plans and test criteria i) implications for the future maintenance of the standard system and the developed software, and the relation between these Documented costs in connection with the preparation of change estimates are carried by the Customer in accordance with the prices and terms applicable to supplementary work, cf. Appendix 7. If standard prices for the preparation of change estimates are set out in Appendix 7, the Contractor shall not be entitled to the reimbursement of any costs in excess thereof, unless the Customer has given its prior written approval of a larger estimate. If the preparation of a change estimate does in itself necessitate changes to the progress plan, the Contractor may request that the plan be adjusted.
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Change estimate. The Contractor shall, within a maximum of three (3) Working days from receipt of a written request for a change, submit a study of potential risk and change consequences, as well as a price estimate. In the event of a request for larger changes, the parties shall agree an extension of the deadline with such number of days as is deemed to be reasonable. At a minimum, the study shall include the following: a) description of the change b) description of the scope of work that needs to be carried out as a result of the change, and the time required for such work c) impact on other functional and Non-functional requirements, and Other components of the deliverables d) impact on Estimated total cost e) impact on Project and milestone plan, and ReleasePlan, cf. clause 3.6 f) requirements concerning the Customer's participation g) changes to Test plans and test criteria h) consequences for future maintenance of the deliverables Documented costs in connection with the preparation of change estimates are carried by the Customer in accordance with the prices and terms applicable to supplementary work, cf. Appendix 7. If the preparation of a change estimate does in itself necessitate changes to the milestone plan, the Contractor may request that the plan be adjusted. The Contractor may propose changes and draw up a change estimate on its own initiative. The Contractor will only receive reimbursement of its costs if the Customer accepts the change proposal and the estimate, and sends a change order.
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Change estimate. The Contractor shall, within a maximum of ten (10) working days from receipt of a written request for a change, submit a study of potential risk and change consequences, as well as a price estimate. In the event of a request for major changes, the parties shall agree on an extension of the time limit with such number of days as is deemed to be reasonable. At a minimum, the study shall include the following: a) description of the change b) description of the scope of work that needs to be carried out as a result of the change, and the time required for such work c) implications for the requirement specification and the solution specification d) implications for the requirements applicable to the Customer's technical platform e) implications for the contract price, with a detailed specification of the calculation basis, cf. Clause 3.5 f) implications for the progress plan, cf. Clause 3.5
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Related to Change estimate

  • Pre-Estimate The parties agree that if Market Quotation applies an amount recoverable under this Section 6(e) is a reasonable pre-estimate of loss and not a penalty. Such amount is payable for the loss of bargain and the loss of protection against future risks and except as otherwise provided in this Agreement neither party will be entitled to recover any additional damages as a consequence of such losses.

  • Cost Estimate The cost estimate shall set out the estimated costs for the proposed Change Order in such a way that a fair evaluation can be made. It shall include a breakdown for labor, materials, equipment and markups for overhead and profit, unless TxDOT agrees otherwise. If the work is to be performed by Subcontractors and if the work is sufficiently defined to obtain Subcontractor quotes, DB Contractor shall obtain quotes (with breakdowns showing cost of labor, materials, equipment and markups for overhead and profit) on the Subcontractor’s stationery and shall include such quotes as back-up for DB Contractor’s estimate. No markup shall be allowed in excess of the amounts allowed under Section 10.6. DB Contractor shall identify all conditions with respect to prices or other aspects of the cost estimate, such as pricing contingent on firm orders being made by a certain date or the occurrence or non-occurrence of an event.

  • Acceptable Estimating System The Contractor shall maintain the acceptable status of their Estimating System and submit updates to the current status, if applicable

  • Statement of Estimated Direct Expenses In addition, Landlord shall give Tenant a yearly expense estimate statement (the “Estimate Statement”) which shall set forth Landlord’s reasonable estimate (the “Estimate”) of what the total amount of Direct Expenses for the then-current Expense Year shall be and the estimated Tenant’s Share of Direct Expenses (the “Estimated Direct Expenses”). The failure of Landlord to timely furnish the Estimate Statement for any Expense Year shall not preclude Landlord from enforcing its rights to collect any Estimated Direct Expenses under this Article 4, nor shall Landlord be prohibited from revising any Estimate Statement or Estimated Direct Expenses theretofore delivered to the extent necessary. Thereafter, Tenant shall pay, with its next installment of Base Rent due that is at least thirty (30) days thereafter, a fraction of the Estimated Direct Expenses for the then-current Expense Year (reduced by any amounts paid pursuant to the last sentence of this Section 4.4.2). Such fraction shall have as its numerator the number of months which have elapsed in such current Expense Year, including the month of such payment, and twelve (12) as its denominator. Until a new Estimate Statement is furnished (which Landlord shall have the right to deliver to Tenant at any time), Tenant shall pay monthly, with the monthly Base Rent installments, an amount equal to one-twelfth (1/12) of the total Estimated Direct Expenses set forth in the previous Estimate Statement delivered by Landlord to Tenant.

  • Cost Estimates If this Agreement pertains to the design of a public works project, CONSULTANT shall submit estimates of probable construction costs at each phase of design submittal. If the total estimated construction cost at any submittal exceeds the CITY’s stated construction budget by ten percent (10%) or more, CONSULTANT shall make recommendations to CITY for aligning the Project design with the budget, incorporate CITY approved recommendations, and revise the design to meet the Project budget, at no additional cost to CITY.