Common use of Change Order Approval Procedure Clause in Contracts

Change Order Approval Procedure. (1) During the Initial Term of this Agreement HHSC or CONTRACTOR may propose changes in the Services, Deliverables, or other aspects of this Contract ("Changes"), including, but not limited to, issues that CONTRACTOR contends affects the actuarial soundness of CONTRACTOR's premium, and any such Changes will be implemented pursuant to the procedures set forth in this section 8.02. (2) If HHSC desires to propose a Change, it shall deliver a written notice to CONTRACTOR describing the proposed Change ("Change Order Request"). CONTRACTOR must respond to such proposal as promptly as reasonably possible by preparing, at no additional cost to HHSC for developing the response, and delivering to HHSC a written document (a "Change Order Response"), that specifies: (A) The effect, if any, of the Change Order Request on the amounts payable by HHSC under this Agreement and the manner in which such effect was calculated; (B) The effect, if any, of the Change Order Request on CONTRACTOR's performance of its obligations under this Agreement, including the effect on the Services or Deliverables; (C) The anticipated time schedule for implementing the Change Order Request; and (D) Any other information requested in the Change Order Request or which is reasonably necessary for HHSC to make an informed decision regarding the proposal. (3) If CONTRACTOR desires to propose a Change, it must deliver a CONTRACTOR Change Order Request to HHSC that includes the information described in section 8.02(b) for a Change Order and Change Order Response. (4) Upon HHSC's receipt of a Change Order and Change Order Response, the Parties shall negotiate a resolution of the requested Change in good faith. The Parties will exchange information in good faith in an attempt to resolve the requested Change.