Making Changes to a Contract
Changes to Your Written Contract
Once you have a written contract, your project can move ahead. However, there are still things that you may need to deal with. In some cases, you and the contractor may need to revisit the terms of the contract or put together additional written agreements.
Your contractor may come across problems that could not have been anticipated. For instance, the contractor finds old wiring that is hazardous, it must be replaced to meet Code requirements. Your contractor will likely have noted in the contract that the agreed price does not cover hidden deficiencies. Should one be found, the contractor will present you with a summary of additional work needed and the associated costs. Once you have approved this change, it becomes part of your contract.
When some aspects of the project can only be determined once work in underway, contracts will often set aside a budget contingency. For example, you have doubts about the condition of your roof sheathing, you won’t know until the existing shingles have been removed. Should it become necessary, a contingency budget allows you to resolve the specifics, amend the contract, and access the funds as needed.
You may simply change your mind once work has begun. For instance, once you see new flooring in place, you may decide to have it installed in other rooms as well. Change orders are like a mini-contract that defines the altered or additional work, including the payment terms. Change orders need to be signed by both you and your contractor.