Scope Swaps Sample Clauses
The Scope Swaps clause defines the process and conditions under which the parties may exchange or substitute elements of the agreed project scope. In practice, this clause outlines how one deliverable or task can be replaced with another of equivalent value, often requiring mutual consent and possibly an adjustment to the project timeline or budget. Its core function is to provide flexibility in project execution, allowing both parties to adapt to changing needs or priorities without renegotiating the entire agreement.
Scope Swaps. The PMT may choose to reduce the work scope of a IPD Team Member and correspondingly increase the scope of work of another IPD Team Member to capture the benefits, without limitation, of innovative designs, processes, or technologies. If the PMT determines that the increased scope for a Risk/Reward Team member creates a significant financial inequity, it may use a portion of any savings from the innovative design, process, or technology to equitably increase the ICL of that Risk/Reward Team member, and then recalculate the ICL and the ICL Percentages of each Risk/Reward Team member. All changes under this section will be documented in a Change Order.
Scope Swaps. The PMT may choose to reduce the work scope of a Project Participant and correspondingly increase the scope of work of another Project Participant to capture the benefits, without limitation, of innovative designs, processes, or technologies. If the PMT determines that the increased scope for a Risk/Reward Team Member creates a significant financial inequity, it may use a portion of any savings from the innovative design, process, or technology to equitably increase the ICL of that Risk/Reward Team Member, and then recalculate the ICL and the ICL Percentage of each Risk/Reward Team Member. All changes under this Section will be documented in a Change Order.