Common use of Cost/Credit for Changes Clause in Contracts

Cost/Credit for Changes. The cost or credit to Owner resulting from a change in the Work will be determined in one or more of the following ways, as selected by Owner: a. By mutual acceptance of a lump sum itemized and supported with sufficient data to permit evaluation; b. By unit prices stated in the Contract Documents or subsequently agreed upon with an Owner established not-to-exceed limit; or c. By time and material supported by invoices and daily time records with an Owner established not-to-exceed limit.

Appears in 5 contracts

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

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!