Change Order Cost Clause Samples
The Change Order Cost clause defines how costs associated with modifications to the original contract work are determined and managed. It typically outlines the process for pricing changes, such as additional work or alterations requested by either party, and may specify methods for calculating costs, including labor, materials, and overhead. This clause ensures that both parties have a clear and agreed-upon method for addressing the financial impact of changes, thereby preventing disputes and maintaining project budget control.
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Change Order Cost. As used herein, "Change Order Cost" shall mean (i) the net increase in costs caused by or resulting from the Change Order, including, without limitation, architectural fees, engineering fees and construction costs, general contractor's overhead and profit together with (ii) a fee in the amount of ten percent (10%) of any net increase in costs resulting from a Change Order requested by Tenant pursuant to this Section 6, which fee shall reimburse Landlord for the expense of administration and coordination of such Change Order by Landlord's Representative. Tenant shall pay for any Change Order Cost resulting from a Tenant Change Order. Tenant shall not be responsible to pay for any Change Order not requested by Tenant and approved in writing.
Change Order Cost. The Change Order Cost shall be determined in the manner described in Section 2.1(d) hereof and shall be set forth as part of the written Change Order. Any Change Order Cost that increases the cost of constructing the Project Improvements shall be added to the Project Costs.