Change Option Clause Samples
The Change Option clause allows one or both parties to modify certain terms or aspects of an agreement after it has been executed. Typically, this clause outlines the process for requesting changes, such as providing written notice or obtaining mutual consent, and may specify which parts of the contract are eligible for modification. Its core practical function is to provide flexibility, enabling the contract to adapt to unforeseen circumstances or evolving needs without requiring a completely new agreement.
Change Option. The proposer will not be permitted to change the option after the time of Price Proposal opening.
Change Option. The proposer will not be permitted to change the option after the Price Proposal and the Fuel Usage Factor Chart and Estimate of Quantities sheet is submitted.
Change Option. The proposer will not be permitted to change the option after the Price Proposal and the copy of the Fuel Usage Factor Chart and Estimate of Quantities sheet are submitted. (1-5-07) DB1 G56B The Design-Build Team will be permitted to ask confidential questions of the Department, which neither the question nor answer will be shared with other proposing teams. For the purpose of this provision, “confidential question” is defined as a private inquiry containing information whose disclosure could alert others to certain details of doing business in a particular manner. The Department will determine if the question is considered a confidential question.
I. Confidential questions arising prior to issuance of the Final Request for Proposals will be allowed at the External RFP review with the individual teams. The Department will answer the confidential question verbally at the meeting if possible. If not answered verbally during the meeting, the Department will answer the confidential question by subtle changes in the Final Request for Proposals, which will clarify the scope by either allowing or disallowing the request. The revision will be made in such a manner as to not disclose the confidential question.
II. After the issuance of the Final Request for Proposals, confidential questions may be asked by requesting a meeting with the Contract Officer. The request shall be in writing and provide sufficient detail to evaluate the magnitude of the request. Questions shall be of such magnitude as to warrant a special meeting. Minor questions will not be acknowledged or answered. After evaluation, the Contract Officer will respond to the question in writing to the Design- Build Team only. Other teams will not be notified of the question or answer.