Question: Identify a Change Order, Design and Complete a CO Template Determine how to capture, record and review key information for managing changes to a contract.

Identify a Change Order, Design and Complete a CO Template Determine how to capture, record and review key information for managing changes to a contract. Read the following scenario: A builder is constructing a 2,400-square foot house for a lump sum of $500,000. The owner asks the builder to change the carpet floor to hardwood in the main room, so the builder issues a Change Order request for $5,000 on April 1,2024. The owner approves it on April 5,2024. The builder requests another Change Order on April 10,2024 for $2,000 to build a deck, which was never part of the scope of work. The owner rejects it on April 15,2015. The builder issues a request for a Change Order on April 15,2024 to increase the price from $505,000 to $525,000, citing an increase in building material costs. The Owner negotiates the increase to $510,000 and issues a Change order on April 27,2024. Find examples of change orders/logs on the internet that may be appropriate for the scenario above. Based on these, develop or adapt a template for a Change Order Log. Complete your template based on the information in the scenario above, being sure to include: table title, project title and numbering scheme columns and appropriate calculations for: specific change order amounts description date submitted status (approve / deny) cost and approved cost project running total comments

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