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MODIFICATION OF PO×CONTRACT Honeywell Federal Manufacturing & Technologies, LLC 1. MODIFICATION NUMBER: 02 2. MODIFICATION DATE: 3. PO×CONTRACT NUMBER: 10×15/2013 ICPTSCMC31633 5. ISSUED BY: 4.
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Point by point guide to filling out a modification of pocontract:

01
Gather all necessary information: Start by collecting all the relevant details about the original pocontract, such as the contract number, parties involved, and specific terms that need modification.
02
Identify the specific modifications required: Determine the changes that need to be made to the original pocontract. This can include adjusting contract terms, adding new clauses, or revising existing provisions.
03
Review applicable laws and regulations: Ensure that the modifications comply with any applicable laws, regulations, or contractual obligations. This step is crucial to avoid any legal issues or disputes in the future.
04
Consult with the parties involved: Reach out to all parties involved in the original pocontract, including the buyer, seller, and any other relevant stakeholders. Discuss the proposed modifications and obtain their agreement and input.
05
Draft the modification document: Create a separate document specifically for the modifications. Use clear and concise language to outline the changes being made and reference the original pocontract, including the contract number and date.
06
Seek legal review if necessary: Depending on the complexity of the modifications or the value of the pocontract, it might be advisable to seek legal review or consultation to ensure the modification document is legally sound.
07
Obtain signatures: Once all parties have reviewed and agreed to the modifications, secure their signatures on the modification document as an acknowledgement of their acceptance.
08
Update records: Ensure that both the original pocontract and the modification document are properly documented and stored for future reference. Update any relevant record-keeping systems or databases accordingly.

Who needs modification of pocontract?

A modification of pocontract may be needed by:

01
Buyers: Buyers who require adjustments or amendments to the original pocontract terms to meet their evolving needs or changing market conditions.
02
Sellers: Sellers who have identified the need for modifications due to factors such as revised pricing, delivery schedules, or other contractual terms.
03
Any party involved: Any other party involved in the original pocontract, such as subcontractors, suppliers, or service providers, who may require modifications to ensure the contract aligns with their specific requirements or circumstances.
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Modification of pocontract refers to making changes or amendments to an existing purchase order contract.
The party responsible for the purchase order contract, which could be the buyer or seller, is required to file the modification.
The modification of a purchase order contract can usually be filled out by making the necessary changes on the original contract and having both parties sign off on the modifications.
The purpose of modifying a purchase order contract is to update or change the terms, conditions, or details of the original contract as needed.
The modification of a purchase order contract should include details of the changes being made, effective date of the modification, and signatures of both parties.
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