Common use of CHANGE ORDER ACCOUNTING Clause in Contracts

CHANGE ORDER ACCOUNTING. As part of Owner’s general right to issue a Directive Letters as set forth in Article 14.2, in the event the Parties cannot agree on a Change Order in a timely manner, Owner may issue a Directive Letter and require Change Order accounting. Contractor, for each change or series of related changes, shall maintain separate accounts, by job order or other suitable accounting procedure, of all incurred segregable direct costs (less allocable credits) of work, both changed and not changed, which are allocable to the change. Contractor shall maintain such accounts until the Parties agree to a Change Order for the changes ordered by Owner or the matter is conclusively disposed of in accordance with Article 29. If Owner issues a Time and Materials Change Order, Change Order accounting shall include maintenance of Time and Materials Records as described in Article 14.13.2.

CHANGE ORDER ACCOUNTING. ‌ As part of OwnerAuthority’s general right to issue a Directive Letters as set forth in Article 14.216.2, in the event the Parties cannot agree on a Change Order in a timely manner, Owner Authority may issue a Directive Letter and require Change Order accounting. Contractor, for each change or series of related changes, shall maintain separate accounts, by job order or other suitable accounting procedure, of all incurred segregable direct costs (less allocable credits) of work, both changed and not changed, which are allocable to the change. Contractor shall maintain such accounts until the Parties agree to a Change Order for the changes ordered by Owner Authority or the matter is conclusively disposed of in accordance with Article 2931. If Owner Authority issues a Time and Materials Change Order, Change Order accounting shall include maintenance of Time and Materials Records as described in Article 14.13.216.14.2.

CHANGE ORDER ACCOUNTING. As part of Owner’s general right to issue a Directive Letters as set forth in Article 14.2, in the event the Parties cannot agree on a Change Order in a timely manner, Owner may issue a Directive Letter and require Change Order accounting. Contractor, for each change or series of related changes, shall maintain separate accounts, by job order or other suitable accounting procedure, of all incurred segregable direct costs (less allocable credits) of work, both changed and not changed, which are allocable to the change. Contractor shall maintain such accounts until the Parties agree to a Change Order for the changes ordered by Owner or the matter is conclusively disposed of in accordance with Article 2934. If Owner issues a Time and Materials Change Order, Change Order accounting shall include maintenance of Time and Materials Records as described in Article 14.13.214.13.