Guam Supplemental Agreement to Strike Part of Original Contract
Description
How to fill out Supplemental Agreement To Strike Part Of Original Contract?
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FAQ
The change order form should include: The original contract value. The value of all past approved change orders (if any) The cost of the current change order.
To avoid subsequent controversies that may result from a supplemental agreement containing and equitable adjustment as a result of a change order, the CO should: 1. Ensure that all elements of the equitable adjustment have been presented and resolved.
In some situations, it may make sense for parties to use an amendment to make a change to a contract or an addendum to add to a contract. However, a supplemental agreement is often used to elaborate on a particular aspect of a contract, without making any actual changes to the original agreement.
A supplemental agreement is a bilateral change order to a contract where the parties agree that specified additional work will be accomplished in return for a specified consideration, normally additional money and/or time.
The Contracting Officer creates a Closeout Checklist (DD Form 1597) (if the contract is over the Simplified Acquisition Threshold), to document satisfactory completion of all required contract actions prior to closeout.
There are two types of contract modifications: unilateral and bilateral.
Bilateral modification is a supplemental agreement to a contract that both the contracting officer and the contractor sign. In general, modifications change the terms and the conditions of a contract, including but not limited to the performance period, the statement of work, the price, or the quantity.
As nouns the difference between addendum and supplemental is that addendum is something to be added; especially text added as an appendix or supplement to a document while supplemental is something that supplements or adds to.
