Contract Problem definition
Contract Problem means a fact or circumstance of which the Seller is aware that does, will or reasonably is anticipated to (1) have a significant or substantial impact on the delivery schedule or completion of the Contract or the cost of the Contract (increase or decrease) or (2) requires modification to the Contract or Specification(s). The terms “significant” and “substantial” shall be interpreted in the same manner as they would be interpreted by a reasonably prudent business person under the relevant circumstances.