Price Adjustments for Changes Sample Clauses

The "Price Adjustments for Changes" clause defines how the contract price will be modified if there are changes to the scope of work, materials, or other key project elements. Typically, this clause outlines the process for requesting, approving, and calculating price increases or decreases resulting from such changes, often requiring written documentation and agreement by both parties. Its core function is to ensure that both parties have a clear, fair mechanism for handling cost impacts due to modifications, thereby reducing disputes and maintaining project transparency.