Change Order – Decrease in Scope or Cost Sample Clauses
The Change Order – Decrease in Scope or Cost clause allows for formal modifications to a contract that reduce the amount of work to be performed or lower the overall project cost. In practice, this clause is used when the parties agree to remove certain tasks, materials, or services from the original agreement, resulting in a corresponding adjustment to the contract price and schedule. Its core function is to provide a clear, documented process for handling reductions in project scope or cost, ensuring both parties are aligned and minimizing disputes over contract changes.
Change Order – Decrease in Scope or Cost. For change orders decreasing the Construction Manager’s scope of services or costs, the Owner shall receive a credit in the amount of the Cost of the Work which is decreased by the Change plus a deduction of the Construction Manager’s Management Fee in the amount as set forth above.