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Catholic Mutual. . . CARES ADDENDUM TO CONSTRUCTION CONTRACT (When Contractor Provides Builders Risk Coverage) Typically when organizations are adding an addition, undergoing a major renovation or

How to fill out addendum to construction contract

How to fill out addendum to construction contract:

1. Start by reviewing the original construction contract to understand the specific details and terms that need to be modified or added through the addendum.
2. Clearly identify the parties involved in the addendum, including the names and contact information of the contractor, client, and any other relevant parties.
3. Clearly state the purpose of the addendum, whether it is to modify existing terms, add new terms, or address specific issues that have arisen during the construction process.
4. Provide a detailed description of the changes or additions being made, including specific language and clauses that need to be included in the addendum. Be as precise and clear as possible to avoid any confusion or misinterpretation.
5. Determine the effective date of the addendum. This is the date when the changes or additions will come into effect. Make sure to specify whether the modifications are retroactive or if they will apply only to future work.
6. Consider including a provision for any necessary approvals or permissions required for the addendum to be valid. This may involve obtaining signatures from relevant parties or seeking approval from regulatory bodies or authorities.
7. Make sure to include a clause specifying that the original construction contract remains in full force and effect, except for the changes made through the addendum.

Who needs an addendum to construction contract:

1. Developers or property owners who have identified the need for modifications or additions to the original construction contract.
2. Contractors who want to propose changes or address specific issues that have emerged during the construction process.
3. Architects, engineers, or other professionals involved in the project who may have identified the need for clarifications or modifications to the original contract.
4. Regulatory bodies or authorities that require certain changes or approvals to be documented through an addendum.
5. Any party directly affected by the construction contract, who wants to ensure that their rights, obligations, or responsibilities are properly addressed and modified if necessary.

Note: It is always advisable to consult with legal professionals or experts in construction law to ensure that the addendum is correctly prepared and in compliance with applicable laws and regulations.

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