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 square foot house for a lump sum of $ 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 $ on April The owner approves it on April The builder requests another Change Order on April for $ to build a deck, which was never part of the scope of work. The owner rejects it on April The builder issues a request for a Change Order on April to increase the price from $ to $ citing an increase in building material costs. The Owner negotiates the increase to $ and issues a Change order on April Find examples of change orderslogs 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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