Term -Bilateral modification

Bilateral modification (supplemental agreement) is a contractmodification that is signed by the contractor and the contracting
officer. Bilateral modifications are used to-
    (1) Make negotiated equitable
adjustments resulting from the issuance of a change order;
    (2) Definitize letter contracts; and
    (3) Reflect other agreements of theparties modifying the terms of contracts.

Pin It on Pinterest

Share This