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Contracts can face unexpected delays, making an extension of time necessary. This allows for additional time beyond the agreed completion date. Extensions may be granted due to reasons such as weather conditions, design changes, or delays caused by third parties. To request an extension, it is important to document the reasons, notify the other party, and submit a formal request that includes the desired duration and necessary adjustments. Granting an extension impacts payment terms, project milestones, and the overall completion date. Effective management of this process is essential.
