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2 cards from this section. Quick, good the night before a test.
What are variations in the context of contract management?
Think about changes necessary due to unforeseen circumstances.
Name one example of a differing site condition.
Consider what unexpected conditions may appear when building.
What are variations in contract management?
Think of changes that officially improve or maintain contract execution.
True or False: Differing site conditions can lead to contract adjustments.
Consider unexpected events as a potential for contract variance.
Consider a construction project that faces unexpected environmental regulations midway through. How would you approach managing this variation?
Think about the legal and logistical steps required.
A contractor faces a 20% rise in material costs due to geopolitical tensions. Discuss the steps to analyze and implement a cost escalation clause.
Consider both the contractor’s and client’s interests.
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