Change Order (Business): A change order is a written amendment to theβ¦
Definition
A change order is a written amendment to the original contract documenting changes to scope, materials, timeline, or price. Both parties must sign before additional work begins.
Also known as: CO, extra work order, project modification
Common Questions
Real-World Example
CRM Services discovers the garage ceiling also needs painting β a change order is written and approved before the work begins.
Why It Matters
Change orders are a critical business protection tool.
Related Terms
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