13 C.F.R. § 305.13   Contract change orders.


Title 13 - Business Credit and Assistance


Title 13: Business Credit and Assistance
PART 305—PUBLIC WORKS AND ECONOMIC DEVELOPMENT INVESTMENTS
Subpart B—Requirements for Approved Projects

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§ 305.13   Contract change orders.

(a) If it becomes necessary to alter the construction contracts post-execution, the Recipient and contractor shall agree to a formal contract change order.

(b) All contract change orders must receive EDA review for compliance with the terms and conditions of the Investment award, even if the Recipient is to pay for all additional costs resulting from the change or the change order reduces the contract price.

(c) Work on the Project may continue pending EDA review of the contract change order, but all such work will be at the Recipient's risk until EDA completes its review.

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