(b) The contract may provide for a maximum price based on an assessment of the uncertainties associated with the service and its possible impact on costs. That maximum price should allow the contractor to assume a reasonable proportion of the risk and, once fixed, may be adjusted only by applying contractual clauses which provide for an appropriate adjustment or…
Written modification templates have more advantages than verbal agreements. But even if a contract contains a clause that requires written changes to make them valid, they are not always mandatory. Contracts cannot be performed even if they contain a clause, but this does not mean that you should prohibit verbal changes that require the addition of clauses or written…