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Town Council Agenda Pkt Page 1AGENDA BENTONVILLE TOWN COUNCIL REGULAR MEETING October 17, 2017, BENTONVILLE TOWN HALL, 1941 E. PETER, BENTONVILLE, TX 76226 6:30 PM A.CALL REGULAR MEETING TO ORDER.CLOSED
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How to fill out revision contract cost statement

01
To fill out a revision contract cost statement, follow these steps:
02
Start by entering the details of the contract at the top of the form, such as the contract number, date, and parties involved.
03
Specify the scope of the revision or change that is being made to the original contract. Provide a brief description of the revision and its objectives.
04
Identify the specific cost elements that are being revised. This may include labor costs, material costs, subcontractor costs, or any other relevant expenses.
05
State the reason for the revision and any supporting documentation or justification for the cost changes.
06
Calculate and fill in the revised costs for each cost element. Ensure that the costs are accurately documented and supported by appropriate backup records.
07
Summarize the total revised cost for the contract and verify that it is consistent with the revision details provided.
08
Obtain the necessary approvals and signatures from authorized individuals or parties involved in the contract.
09
Review the filled-out form for accuracy and completeness before submitting it as an official revision contract cost statement.
10
Keep a copy of the completed revision contract cost statement for your records and provide copies to all relevant parties involved.
11
If required, submit the revision contract cost statement to the appropriate department or authority for further processing and review.

Who needs revision contract cost statement?

01
A revision contract cost statement is typically needed by:
02
Contractors: They require a revision contract cost statement to document any changes or revisions to the original cost of a contract. This helps them track and justify any additional costs incurred during the revision process.
03
Clients: Clients may request a revision contract cost statement to understand the reasons behind the changes in the contract cost and to ensure transparency in the revised costs.
04
Project Managers: Project managers use a revision contract cost statement to keep track of the overall project budget, identify any cost variances, and report on the financial status of the project.
05
Auditors: Auditors may require a revision contract cost statement to review and verify the accuracy of the revised costs and ensure compliance with applicable regulations and contract terms.
06
Government Agencies: Government agencies may ask for a revision contract cost statement to assess the fiscal impact of contract revisions and ensure proper allocation of public funds.
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The revision contract cost statement is a document that details changes in the cost of a contract after it has been signed.
Contractors or project managers overseeing a project are typically required to file the revision contract cost statement.
The revision contract cost statement is usually filled out by providing details of the original contract cost, the changes made, and the revised cost.
The purpose of the revision contract cost statement is to accurately reflect any changes in the cost of a contract and ensure transparency in project financials.
The revision contract cost statement must include details of the original contract cost, any changes made to the cost, and the final revised cost.
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