Decreased Scope Sample Clauses
A Decreased Scope clause allows for the reduction of the originally agreed-upon work, services, or deliverables under a contract. In practice, this clause outlines the process by which one or both parties can formally request to scale back the scope, often specifying notice requirements, adjustments to timelines, and changes to payment terms or deliverables. Its core function is to provide flexibility and clarity in situations where the full scope is no longer needed, helping to prevent disputes and ensure that both parties understand their rights and obligations if the project size is reduced.
Decreased Scope. With respect to Change Orders which decrease the Scope of Work described on Exhibit O, the GMP shall be decreased by the Cost of Work attributable to such Change Order. If the Change Order deletes a major part of the scope of Work, the Owner and the Design/Builder will negotiate in good faith an appropriate Fee reduction, taking into account the Design/Builder's and Team Subcontractors' administrative costs in connection with such Change Order.
Decreased Scope. With respect to Change Orders which decrease the Scope of Work described on Exhibit O, the Contract Price shall be decreased by the Cost of Work attributable to such Change Order. If the Change Order deletes a major part of the scope of Work, the Owner and the Design-Builder agree an appropriate reduction, taking into account the Design-Builder's administrative costs in connection with such Change Order is not to exceed ten percent (10%) of the construction costs of the deleted.
Decreased Scope. With respect to Change Orders, which decrease the Scope of Work described on Exhibit F, the GMP shall be decreased by the Cost of Work attributable to such Change Order and/or Work Directive. Furthermore, if the Change Order deletes a part of the Scope of Work, CONTRACTOR shall be entitled to retain a value of five percent (5%) of the full value of the reduction in Cost of Work attributable only to the portion of the Scope of Work deleted from the Scope of Work. The GMP shall be revised accordingly.