How to Handle Modifications in Contract Agreements

What should you do if a contractor asks for additional payment to expedite a project?

A. Agree to the additional payment without any concerns

B. Review the original contract and seek legal advice if needed

C. Refuse to pay the additional amount and find a new contractor

Final answer:

If a contractor asks for additional payment to expedite a project, you should review the original contract and seek legal advice if needed.

When faced with a situation where a contractor requests additional payment to speed up a project, it is essential to carefully assess the terms of the original contract. By reviewing the initial agreement, you can determine if any modifications are allowed and understand your rights and obligations.

Seeking legal advice is also crucial in such instances. A legal professional can provide guidance on the enforceability of any modifications proposed by the contractor, ensuring that your interests are protected. It is important to make informed decisions based on the contractual terms and legal considerations to avoid potential liabilities.

Ultimately, reviewing the original contract and consulting with a legal expert can help you navigate modifications in contract agreements effectively and make informed choices regarding additional payments requested by contractors.

← Understanding basis of inherited partnership interest Calculate the price of a put option with the same exercise price →