Common use of Credit Changes Clause in Contracts

Credit Changes. The credit to be allowed for a deletion or change in the Work or Services which results in a net decrease in the Allowable Cost, Expected Cost, the Target Cost, or the EMP shall be actual net decrease in the Cost of the Work calculated according to this Article. When both additions and credits covering related Work, Services or substitutions are involved in any change in the Work or Services, adjustment of the Allowable Cost, Expected Cost, the Target Cost, and the EMP shall be figured on the basis of net increase, if any, with respect to such change in the Work or Services.

Appears in 2 contracts

Sources: Integrated Agreement for Lean Project Delivery, Integrated Form of Agreement