Get the free Contract Modification

This document outlines a modification to the existing Indefinite Quantity Construction Contract between Johnson-Laux Construction, LLC and Sourcewell. It details the terms of the modification which includes interim Construction Task Catalogs and provides specific information regarding contract duration, geographic areas of work, and pricing adjustments.

How to fill out contract modification

How to fill out contract modification

1. Review the original contract thoroughly.
2. Identify the specific sections that require modification.
3. Draft the modification, stating the changes clearly and concisely.
4. Ensure that all parties involved in the original contract are included in the modification process.
5. Obtain consent from all parties by having them sign the modification.
6. Attach the signed modification to the original contract for reference.
7. Keep copies of both the original contract and the modification for record-keeping.

Who needs contract modification?

1. Parties to a contract who wish to change terms or conditions.
2. Organizations that undergo organizational changes impacting existing contracts.
3. Individuals or businesses seeking to update contractual obligations due to regulatory changes.
4. Contractors or clients needing modifications based on performance issues or unmet requirements.

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What is contract modification?

Contract modification refers to any changes made to the terms of a existing contract, which may include alterations to the scope of work, pricing, or timelines. These modifications must be agreed upon by all parties involved.

Who is required to file contract modification?

Typically, the party responsible for managing the contract, often referred to as the contract administrator or project manager, is required to file contract modifications. This can vary based on the specifics outlined in the contract.

How to fill out contract modification?

To fill out a contract modification, you should include the original contract reference, specify the changes being made, provide a rationale for the modification, and ensure all parties involved sign the document to acknowledge their agreement.

What is the purpose of contract modification?

The purpose of contract modification is to formally document any changes to the terms and conditions of an existing contract to reflect current needs, circumstances, or mutual agreements between the parties.

What information must be reported on contract modification?

Contract modification must report information such as the original contract number, date of modification, description of changes, impact on the contract terms, signatures of authorized representatives, and any relevant dates.