Common use of Contract Price Element Adjustment Memoranda (CPEAM Clause in Contracts

Contract Price Element Adjustment Memoranda (CPEAM. Contract Administrator is authorized to issue a CPEAM to reallocate sums between the Contract Price Elements within the GMP. In no event shall the GMP be modified except by Change Order or Amendment. If County changes the Scope of Work, the Fixed Fee shall be adjusted as set forth in Section 10.4. Contractor shall advise Contract Administrator in writing within seven (7) calendar days of receipt of a CPEAM of any objections or claims arising from the CPEAM or same shall be deemed waived. The following specific CPEAMs are contemplated, but additional or different CPEAMs may be issued:

Appears in 4 contracts

Samples: Construction Agreement, Construction Agreement, Construction Agreement

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