The Basics of Change Orders and Change Order Management

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Change orders can range from simplistic to intricate, can cause disruption or resequencing, and can eat away at profits. In its most basic form, a change order is a contractor’s right to additional time and/or compensation for work performed outside the scope of the original contract. Under optimal scenarios, change order pricing is negotiated prior to commencement of the change. However, given the fast-paced nature of construction, it is more common that change orders will be unpriced while work is being performed. Consequently, it is paramount that contractors have an understanding of how to account for change orders …read more

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