Contract Addendum
CONTRACT ADDENDUM
I. Introduction
This Contract Addendum is made and entered into as of the 8th day of August 2055, by and between [Your Company Name], hereinafter referred to as "Party A", and Tech Company, hereinafter referred to as "Party B". This Addendum supplements and modifies the original contract dated June 1, 2054 (hereinafter referred to as the "Original Contract").
II. Purpose
The purpose of this Contract Addendum is to address specific modifications to the Original Contract regarding the construction timeline, payment terms, and additional project scope. This Addendum aims to incorporate recent changes in project requirements and scheduling adjustments, ensuring that both parties are aligned on the updated terms.
III. Amendments
A. Delivery Schedule
The delivery schedule outlined in the Original Contract is hereby amended as follows:
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Original Delivery Date: December 15, 2054
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New Delivery Date: March 30, 2055
The revised schedule accommodates additional work required due to unforeseen site conditions.
B. Payment Terms
The payment terms have been updated to reflect the revised project timeline and additional scope:
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Original Payment Terms: 50% deposit upon signing, 25% upon halfway completion, 25% upon final delivery
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Revised Payment Terms: 40% deposit upon signing, 30% upon halfway completion, 30% upon final delivery
The revised terms account for the extended project duration and additional labor costs.
C. Scope of Work
The scope of work described in the Original Contract is amended to include:
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Additional Deliverable: Construction of an additional storage facility as requested by Party B.
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Revised Scope Details: Inclusion of extra landscaping and drainage work as detailed in the attached Exhibit A.
These changes reflect the need for additional site preparation and facility modifications.
IV. Terms and Conditions
All other terms and conditions of the Original Contract remain unchanged and in full force and effect except as expressly modified by this Addendum. The provisions of this Addendum are hereby incorporated into and made a part of the Original Contract as if set forth therein.
V. Effective Date
This Addendum shall become effective as of August 8, 2055, and all modifications and amendments outlined herein shall apply from that date forward.
VI. Attachments or Exhibits
The following attachments or exhibits are incorporated into this Addendum:
Exhibit A: Detailed Scope of Additional Work
A. Additional Storage Facility
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Location |
Adjacent to the existing building at [Your Company Address] |
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Dimensions |
20 feet x 30 feet |
|
Construction Materials |
Concrete block walls, metal roof, and reinforced steel doors |
B. Specifications
|
Foundation |
Reinforced concrete slab |
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Walls |
Insulated concrete blocks with a moisture-resistant coating |
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Roof |
Galvanized metal roofing with proper drainage |
|
Doors |
Heavy-duty steel doors with lockable handles |
|
Electrical |
Basic lighting and power outlets installed |
C. Landscaping
Surrounding the new storage facility and existing perimeter
D. Features
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Planting |
Low-maintenance shrubs and ornamental grasses |
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Lawns |
Sod installation for a 500-square-foot area |
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Irrigation |
Drip irrigation system for new plants and grass |
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Paths |
Gravel walkways connecting the storage facility to the main building |
E. Drainage Specifications
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Type |
Surface and subsurface drainage systems |
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Surface Drainage |
French drains around the perimeter; Catch basins at low points |
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Subsurface Drainage |
Perforated PVC pipes beneath the landscaping; Gravel bed surrounding the pipes |
VII. Signatures
The parties hereto have executed this Contract Addendum as of the day and year first above written.
[Your Company Name]
[Your Name]
Project Manager
Emily Johnson
Property Manager
