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.
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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