Easily Replace Option Field to the General Contract

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A step-by-step guide on how to Replace Option Field to the General Contract

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How to Replace Option Field to the General Contract

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welcome everyone this is jody king with the alaska ptac i want to welcome everyone to our webinar today were going to talk about managing contract changes and before i get started i just want to go over the go to webinar panel pull a few things to your attention i one i want to encourage questions because it looks like its going to be a pretty small group of us today and we want to have that discussion as much as possible so theres two different ways you can ask questions uh one you can enter the question clicking on the questions section in the go to webinar panel or you can simply click the raise hand feature i can unmute you from this side and then you can unmute yourself and go ahead and ask those questions the next thing id like to pull attention to is the handout section of the webinar i have uploaded a copy of the slides so we can see that there managing contract changes if for any reason you are unable to download that document feel free just to email me you can always repl

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Got questions?

Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

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Can you change a contract type?

You can use a contract amendment letter to list the changes to the original document and have both parties sign. You can create a contract amendment created from a template or from a legal services provider. You can add amendment pagesdigital or printto the end of the original signed contract.

Can a contract be changed or altered?

It is not illegal to alter a contract once it has been signed. However, it must be materially changed, meaning that if an important part of the contract is altered by the change, it must be made by mutual consent of both parties.

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A field order contains a statement that it shall be superseded by a change order that includes the actual adjustments, if any, to the contract sum and the contract time, as well as the change in the scope of the work.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

Classic examples of change orders include the owners desire to move the location of a wall to accommodate some other design element, adding a window where there was none in the original plans, or changing the finish of the floors from tile to terrazzo.

What three things must agreed upon for a change order?

Change orders typically consist of three parts: the project information, the changes to the contract, and the change in cost and time for performance. Project information includes the project name and the owners and contractors information.

What are the 4 types of contracts?

4 Types of Construction Contracts Lump-Sum Contracts. Cost-Plus-Fee Contracts. Guaranteed Maximum Price Contracts. Unit-Price Contracts.

Can you change contract type after award?

There is nothing in the FAR that states that a contract type must remain the same throughout the life of the contract. This technique allows for flexibility to award the appropriate contract type at award while being able to potentially convert the contract type during performance.

Is it possible to change a contract?

A contract amendment allows the parties to make a mutually agreed-upon change to an existing contract. An amendment can add to an existing contract, delete from it, or change parts of it. The original contract remains in place, only with some terms altered by way of the amendment.

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