Common use of Changes in Requirements Clause in Contracts

Changes in Requirements. TxDOT shall notify Developer in writing of any changes in the requirements applicable to insurance required to be provided by Developer. If TxDOT directs Developer to procure additional insurance or to increase the limits of existing insurance coverage, Developer shall promptly comply with such direction. If TxDOT desires a reduction in the insurance requirements then in force, the parties shall negotiate in good faith the terms of such reduction, failing which the insurance requirements shall remain unchanged. Compensation to Developer for the Initial Scope of Work shall be adjusted upwards or downwards to reflect any such changes required during the Initial Scope of Work. Compensation adjustments, if any, due to TxDOT required changes to insurance for Facility Development Work shall be as set forth in the applicable Facility Implementation Plan.