Common use of Renegotiation of Compensation Clause in Contracts

Renegotiation of Compensation. The fee is based on immediate authorization to proceed and timely completion of the PROJECT. If the PROJECT timing deviates from the assumed schedule for causes beyond ENGINEER's control, ENGINEER reserves the right to request renegotiation of those portions of the lump sum affected by the time change. This Attachment B supersedes all prior written or oral understandings of the Compensation, and may only be changed by a written amendment executed by both parties.