Change Order Pricing for Negotiated Lump Sum Price or Unit Price Change Orders Sample Clauses

This clause establishes the method for determining the price of change orders when the contract uses a negotiated lump sum or unit price basis. In practice, it outlines how adjustments to the contract price are calculated when changes to the scope of work occur, such as adding or removing specific tasks or quantities. By providing a clear process for pricing modifications, the clause ensures both parties understand how financial adjustments will be handled, thereby reducing disputes and facilitating smooth project management.
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Change Order Pricing for Negotiated Lump Sum Price or Unit Price Change Orders. The price of a Change Order under this Section 10.6 shall be a negotiated lump sum price or unit prices as provided below. Lump sum price or unit prices shall be based on the original allocations of the Maintenance Price to comparable activities, whenever possible. If reference to price allocations is not possible and if requested by TxDOT, negotiation for lump sum or unit price Change Orders shall be on an Open Book Basis and may be based on the pricing contained in the EPDs, as well as Subcontractors’ bid prices.
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Change Order Pricing for Negotiated Lump Sum Price or Unit Price Change Orders. The price of a Change Order under this Section 10.6 shall be a negotiated lump sum price or unit prices as
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Related to Change Order Pricing for Negotiated Lump Sum Price or Unit Price Change Orders

  • Change Order The Change Order is then submitted to the Project Manager who immediately processes the CO with OPC as required by Bulletin 3.5 and BGS’ Contracting Plan.

  • Change Orders Any alteration or deviation from the Services mentioned or any other contractual specifications that result in a revision of this Agreement shall be executed and attached to this Agreement as a change order (“Change Order”).