Change number in the Administration Agreement effortlessly

Aug 6th, 2022
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How to Change number in the Administration Agreement

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well everyone im showing that the time is 10 30. so lets go ahead and get started i have a lot of information for you so officially hello hello this is jody king with the alaska ptac and this mornings webinar were going to be talking about managing contract changes so just in case you might have missed it i do want to let you know that if you look at your go to webinar panel in the handout section i do have a copy of the handouts that you can download and of course if you are having any difficulties downloading that youre always welcome to email me and ill be glad to send that out to you so contract changes this was quite an adventure putting this presentation together because theres so very very much information and its really all about the detail of what is triggering the change and becoming aware of change so my goal with this topic is this is going to be an introduction to mana contract changes itself well talk about clauses in fact let me go ahead and move the next slide

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A change order refers to an official change of any kind in the original scope of work or terms of a construction contract agreed to by the owner, contractor, and project designer.
Because of these changes to budget and schedule, change orders are not acted upon until both the owner of the project and the contractor responsible for the change agree on terms and conditions. There are two types of change orders: additive and deductive.
A unilateral modification (change order) may be used to: Make administrative changes. Issue change orders under a contract change or other clause.
Administrative change means a unilateral contract change, in writing, that does not affect the substantive rights of the parties (e.g., changes of address for submittals of documents, reports, etc.).
Answer. In simple terms, a Change-of-Name Agreement is needed to recognize when a contractor has a legal change of their business name. A Novation Agreement applies in a number of situations (e.g. contractor sells all or a part of the company and the contract is still ongoing).
A Change Order is used to exchange or modify materials and/or work listed on the Scope for other materials or work. An Addendum is used to add additional work (labor and/or materials) to the Scope.
The purpose of a change order It acts as an extension of the contract and ensures that all parties understand their new duties and expectations. It codifies the specific changes the client wants, and provides legal notice of any adjustments to the price and timeline that the client should expect.
What is a Change Order? Change order is just the industry term for an amendment to a construction contract that changes the contractors scope of work.

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