Allowances Deductions Sample Clauses

The Allowances/Deductions clause defines how certain amounts are added to or subtracted from the contract price based on specific circumstances or adjustments. In practice, this clause may cover items such as provisional sums, changes in scope, or unforeseen costs, and it outlines the process for calculating and approving these financial modifications. Its core function is to provide a clear mechanism for adjusting payments, ensuring both parties understand how financial changes are managed and reducing disputes over contract price adjustments.