Options Work Sample Clauses
The "Options Work" clause defines the terms under which optional or additional work may be requested and performed under a contract. Typically, this clause outlines the process for proposing, approving, and pricing such work, specifying that it is not included in the original scope and may require separate authorization or agreement. For example, if a client wants to add features or request services beyond the initial agreement, this clause governs how those requests are handled. Its core practical function is to provide a clear mechanism for managing and documenting changes or additions to the contracted work, thereby preventing disputes and ensuring both parties agree on the scope and cost of extra work.
Options Work. The Option Prices for Developer’s performance of each Option, provided that TxDOT exercises its option for such Option Work within the period designated in Section 4.1.6, are set forth below and correspond to the Option Work descriptions contained in Section 1.2 of the Technical Provisions. $ [insert Option Price from Exhibit 5-1] for Option 1. $ [insert Option Price from Exhibit 5-2] for Option 2. * * * $ [insert Option Price from Exhibit 5-[X]] for Option [X].
Options Work. The Option Prices for Developer’s performance of each Option, provided that TxDOT exercises its option for such Option Work within the period designated in Section 4.1.6, are set forth below and correspond to the Option Work descriptions contained in Section 1.2 of the Technical Provisions. $44,508,000 for Option 1. $59,808,000 for Option 2. $27,468,000 for Option 3. $1.00 for Option 4. $30,128,000 for Option 5. $20,808,000 for Option 6. $30,653,000 for Option 7. $65,261,000 for Option 8. $8,785,000 for Option 9.
