Easily Replace Conditional Fields in the Retainer Agreement

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How to Replace Conditional Fields in the Retainer Agreement

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[Music] hi Im Mara I run developer evangelist Im here at it is a rainy June day here at the office in Seattle and Ive got do Ewald with me do we welcome thanks for your time do we tell us a little bit about what you do more specifically tell us how long youve been at for Im one of the architects here at and been here for nine and a half years so Ive been from the early days to the craziness we have now awesome so were doing something different with our video series were gonna do a series of deep dive videos around maybe features that arent quite as common people dont use quite as much and I figure the perfect person to show those to us is doing whos probably seen all the features as theyve evolved over time so DUII what are we gonna talk about today today Im gonna show you conditional fields and judicial fields are really good for cases when you have forms where if you fill one field out you need to add some additional information based on another field and you want th

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What is a contract modification in construction?

Contract modifications are changes in the work required during construction. This chapter discusses the means of accomplishing these changes: Field orders. Change orders.

What is the difference between a contract modification and an 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.

Can consideration be modified in a contract?

Under common law, a party to a contract needs new consideration -- something of legal value -- to modify a contract. The party obtains new consideration by negotiating with the other party to change the consideration on both sides of the contract.

What is another name for a contractual modification?

Often, the terms amendment and addendum are used interchangeably. Both can alter the terms of an agreement, but they are vastly different. An amendment will alter an aspect of your original agreement. An addendum, however, will add something that was not part of the original contract.

What is the reason for contract modification?

Some common reasons you may want to modify an agreement are: Extending the contract duration. Altering the items involved in the contract. Adding or subtracting goods covered in the contract.

What is a contractual 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.

How do you account for contract modifications?

A contract modification that only affects the transaction price is either accounted for prospectively or on a cumulative catch-up basis. It is accounted for prospectively if the remaining goods or services are distinct. There is a cumulative catch-up if the remaining goods or services are not distinct.

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.

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