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A change order increases the contract value by $75,000 and extends the completion date by 15 days. The original contract was $1,200,000 with a 120-day duration. What is the new contract value and duration?

Correct Answer

A) $1,275,000 and 135 days

The change order adds $75,000 to the original contract value ($1,200,000 + $75,000 = $1,275,000) and extends the duration by 15 days (120 + 15 = 135 days). Both adjustments are implemented as specified in the change order.

Answer Options
A
$1,275,000 and 135 days
B
$1,275,000 and 120 days
C
$1,200,000 and 135 days
D
$1,287,500 and 135 days

Why This Is the Correct Answer

The change order adds $75,000 to the original contract value ($1,200,000 + $75,000 = $1,275,000) and extends the duration by 15 days (120 + 15 = 135 days). Both adjustments are implemented as specified in the change order.

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