Project Change Order definition
Examples of Project Change Order in a sentence
This Amendment, consisting of three (3) pages including Attachment A, entitled Project Change Order No. 1 and presents the entire and integrated Amendment between the parties and supersedes all prior negotiations, representation, and agreements, whether written or oral concerning the subject hereof.
The Project Change Order will describe the change, the rationale for the change, and specify any change in the charges, estimated schedule, or other terms.
Such Project Change Order may require additional charges, which will be set forth in the Project Change Order.
The Required Substantial Completion Date or the Required Final Completion Date shall not be extended unless agreed to by written Project Change Order signed by the Client and the EPC Contractor.
The execution of a Project Change Order by EPC Contractor shall constitute conclusive evidence of EPC Contractor’s agreement to the ordered changes in the Work, the Contract Documents as thus amended, EPC Contractor’s compensation and the Guaranteed Substantial Completion Date.
The terms of a mutually agreed upon Project Change Order will prevail over those of this SOW or any previous Project Change Orders.
In the case of any Project Change Order resulting from a Client Risk Event, EPC Contractor’s compensation for such Client Risk Event, if any, shall be a stipulated sum agreed to by the Parties, or the actual costs incurred by EPC Contractor in connection with such Client Risk Event plus a fee equal to 7.5% of such costs, which costs shall include any Services required as a result of such Client Risk Event.
Upon Client’s request, EPC Contractor will provide Client with a written Project Change Order for the purposes of moving/removing any such equipment or property, if such action materially affects the cost of the Scope of Work.
If Client, at its sole discretion, elects to not approve or fails to approve a Project Change Order proposed by EPC Contractor, EPC Contractor may elect, at its sole discretion, to settle any difference or dispute through the dispute resolution process in Article 20 of this Agreement.
EPC Contractor shall be entitled to a Project Change Order to address any extension of the Guaranteed Substantial Completion Date or any adjustment of the Contract Sum to the extent EPC Contractor can demonstrate that EPC Contractor’s completion of the Work was adversely impacted by a Client Risk Event.