Definition and Administration of Contract Change Management

Description

This Skill Bit shows that Contract change management is vital for handling adjustments to scope, schedule, or budget in construction projects. It involves submitting change requests, assessing impacts, obtaining approvals, and implementing changes. Effective management ensures adaptability and adherence to contract conditions through clear communication and planning. Administration includes reviewing, evaluating, and documenting changes while ensuring legal compliance. This process maintains clarity for all parties and safeguards project success by managing impacts effectively and upholding transparency throughout the project.

Duration approx. 4 Min.

Tier: basics