Adjustments to Contract Price. (1) Upon receipt of a Change Order Statement, Builder shall determine the adjustment, if any, to the Contract Price. Subcontractor shall be deemed to have accepted the adjustment or non-adjustment to the Contract Price if Builder does not receive written objection notice from Subcontractor within five (5) business days after Subcontractor’s receipt of notice of the amount of the adjustment or non-adjustment to the Contract Price from Builder. If Subcontractor timely delivers a written objection notice to Builder, the adjustment shall be determined by applying one of the following standards: (A) by reference to Unit Prices (based upon the Schedule of Unit Prices described in Subcontractor’s approved bid), or
Appears in 1 contract
Samples: Subcontract Agreement
