Common use of Change in Contract Price Clause in Contracts

Change in Contract Price. The Grant Award is the agreed-upon price for the Project authorized by this Agreement and may be changed only by approved Change Order(s), signed by NCEM and Owner. Except in an emergency endangering life or property, Contractor shall make no changes to the Scope of Work outside an approved Change Order. The value of any work covered by an authorized Change Order, either additive or deductive, shall be based on the final Bid Book Pricing agreed to by Contractor in RFPQ with overhead and profit for all Change Orders pursuant to RFPQ.

Appears in 1 contract

Sources: Homeowner Contractor Reconstruction Agreement

Change in Contract Price. The Grant Award is the agreed-upon price for the Project authorized by this Agreement and may be changed only by approved Change Order(s), signed by NCEM and Owner. Except in an emergency endangering life or property, Contractor shall make no changes to the Scope of Work outside an approved Change Order. The value of any work covered by an authorized Change Order, either additive or deductive, shall be based on the final Bid Book Pricing agreed to by Contractor in RFPQ with overhead and profit for all Change Orders limited to 15% and 12.5%, respectively, pursuant to RFPQ.

Appears in 1 contract

Sources: Homeowner Contractor Rehabilitation Agreement