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How are Change Orders handled during construction?

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How are Change Orders handled during construction?

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A “Change Order” is a change to the contract value as the result of additional work requested by the HOA. With this project, the HOA and CAI have developed a budget for structural repair and sheathing replacement that is not currently a part of the construction contract, but will be used on an as-needed basis. Work associated with a Change Order can not proceed unless approved by the HOA and/or CAI, depending on the nature of the additional work.

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