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Procurement Department 120 DAY CONTRACT EXTENSION IF NO.: DESCRIPTION: TERM OF CONTRACT:317282(16) PLANS REVIEW AND INSPECTION SERVICES CITYWIDE TWO (2) YEARS WITH THE OPTION TO RENEW FOR TWO (2)

How to fill out 120 day contract extension

How to fill out 120 day contract extension

1. Obtain a copy of the current contract.
2. Review the terms and conditions of the current contract to understand the provisions regarding contract extensions.
3. Determine if the contract allows for extensions and if there are any specific requirements or procedures to follow.
4. Identify the need for a 120 day contract extension and the reasons for the extension.
5. Prepare a written request for the contract extension, including the start and end dates of the extension period.
6. Include any necessary supporting documentation or justifications for the extension.
7. Submit the request to the appropriate party or department responsible for contract administration.
8. Await approval or feedback on the extension request.
9. Upon approval, update the contract with the new extension period and any agreed-upon changes or modifications.
10. Ensure all parties involved in the contract are notified of the extension and have a copy of the updated contract.
11. Monitor the progress of the contract during the extension period and make any necessary adjustments or amendments as needed.
12. Communicate and resolve any issues, disputes, or concerns that may arise during the extension period.
13. Collaborate with the other party to conclude the contract extension smoothly and fulfill any obligations or deliverables.
14. Keep a record of all communication, decisions, and changes related to the contract extension for future reference.

Who needs 120 day contract extension?

1. Businesses or individuals who require additional time to fulfill their obligations under an existing contract may need a 120 day contract extension.
2. This could happen in various scenarios like during a construction project, when unforeseen circumstances delay progress and additional time is needed to complete the work.
3. Companies facing financial difficulties may also seek a contract extension to negotiate payment terms and avoid defaulting on their contractual obligations.
4. Furthermore, situations where both parties mutually agree to extend the contract for a longer period to accommodate changes in project scope or other factors may also require a 120 day contract extension.

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What is 120 day contract extension?

A 120 day contract extension allows a contract to be extended for an additional 120 days beyond the original end date.

Who is required to file 120 day contract extension?

The party responsible for overseeing the contract is required to file the 120 day contract extension.

How to fill out 120 day contract extension?

The 120 day contract extension can be filled out by providing the necessary information requested on the extension form and submitting it to the appropriate authority.

What is the purpose of 120 day contract extension?

The purpose of a 120 day contract extension is to allow more time for the completion of the contract if needed.

What information must be reported on 120 day contract extension?

The information required on a 120 day contract extension typically includes details about the original contract, reasons for the extension, and any updated terms or conditions.