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Common use of Changes in Compensation Clause in Contracts

Changes in Compensation. Should CDB elect to change the project scope to the extent that services to be performed by the CM are substantially altered, then CDB and the CM will negotiate an equitable adjustment in the CM's compensation. All changes to the agreement shall be by written modification duly executed by the contracting parties. A. Supplemental funding of a project shall not be cause for additional compensation without substantial modification to the scope of work or scope of CM services B. Upon receipt of the CM’s final payment application and in accordance with Article 16.8.C, CDB shall be permitted to make final adjustments to the budgetary values indicated on lines B and D on Appendix A to reflect actual expenditures without written modification duly executed by the contracting parties.

Appears in 3 contracts

Samples: Construction Management Services Agreement, Construction Management Services Agreement, Construction Management Services Agreement

Changes in Compensation. Should CDB elect to change the project scope to the extent that services to be performed by the CM are substantially altered, then CDB and the CM will negotiate an equitable adjustment in the CM's compensation. All changes to the agreement shall be by written modification duly executed by the contracting parties. A. Supplemental funding of a project shall not be cause for additional compensation without substantial modification to the scope of work or scope of CM services B. Upon receipt of the CM’s final payment application and in accordance with Article 16.8.C, CDB 01 80 00,CDB shall be permitted to make final adjustments to the budgetary values indicated on lines B and D on Appendix A to reflect actual expenditures without written modification duly executed by the contracting parties.

Appears in 1 contract

Samples: Construction Management Services Agreement