Easily Remove Option Field into the Building Contract

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How to Remove Option Field into the Building Contract

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[Music] okay lets say you get a hundred thousand dollar property its worth that and you get it on an option for 80 000 like you said you Market it and then somebody says Hey I want to buy it lets do it are you like buying it like youre exercising the option to buy it yourself and then youre selling it to them with a double closing or are you somehow assigning the option and they jump in how does that other mechanics of that work so weve been really fortunate we have expanded um but when we started doing this method Im about to tell you about we started in Arizona and we work with Great American Title Agency out of Phoenix there they have been awesome and I recommend them to everybody weve also found one in Tennessee that we use and what weve been able to do with them is do a true a to c double close where they use the buyers money and they pay everybody and that has been a huge game thats big deal not not only that theyre able to do it without disclosing what our profit wou

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What is a modification in government contracting?

A contract modification (mod) is any written change by the contracting officer to the contract terms and conditions. A mod can be issued at any time after the contract is awarded.

What is the difference between modification and amendment?

Contract modification means any changes in the terms or provisions of the Contract which are reduced to writing and fully executed by both parties. Amendment means a written agreement, signed by the Parties, which documents changes to the Contract other than those permitted by Work Orders or Technical Guidance Letters.

What type of modification is used to make an administrative change?

A unilateral modification (change order) may be used to: Make administrative changes. Issue change orders under a contract change or other clause.

What type of modification is used to make an administrative change to a contract?

A unilateral modification (change order) may be used to: Make administrative changes. Issue change orders under a contract change or other clause.

What does modification mean in contracts?

A contract modification is a mutually agreed upon change to the original contract. Its changes must fall under the scope of the changes clause and leave the agreements original purpose and effect intact. When negotiating a contract, you can modify the agreement as needed so long as all parties agree.

What is the difference between a field order and a change order?

A field order contains a statement that it shall be superseded by a change order that includes the actual adjustments, if any, to the contract sum and the contract time, as well as the change in the scope of the work.

What is a contract modification?

A contract modification (mod) is any written change by the contracting officer to the contract terms and conditions. A mod can be issued at any time after the contract is awarded.

What is an administrative modification?

Administrative change means a unilateral (see 43.103(b)) contract change, in writing, that does not affect the substantive rights of the parties (e.g.,a change in the paying office or the appropriation data).

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