Pipelaying Tender-VOL I - WorleyParsons.com

34.3 Any change order as above comprising an alteration which involves a change in the cost of theworks (which sort of alteration is hereinafter called a "Variation") shall have impact on the Ordervalue that shall be dealt towards end of Order. All change orders shall be approved by the EIC.34.4 If the Order provides applicable rates for the valuation of the variation in question the Order priceshall be increased or decreased in accordance with those rates. If the parties agree that the Orderdoes not contain applicable rates then the parties shall negotiate a revision of the Order pricewhich shall represent the change in cost of the works caused by the variations. Any change ordermust be duly approved by the Employer/Consultant in writing.34.5 If there is a difference of opinion between Contractor and Employer/Consultant whether aparticular work constitutes a change order or not, the matter shall be handled in accordance withthe procedures set forth here below.34.6 Within 10 (Ten) working days of receiving the comments from the Employer/Consultant on thedocuments submitted by the Contractor for approval, the Contractor's response in writing statingwhich item(s) is/are potential change (s), if applicable, will be submitted to theEmployer/Consultant.34.7 Procedure34.7.1 During execution of work if the Contractor observes that any new requirements which is notspecific or intended in the bidding document has been indicated by Employer/Consultant, theyshall discuss the matter with Employer/Consultant's representatives.34.7.2 In case such requirement arises from the side of the Contractor they would also discuss thematter with Employer/Consultant's Representative.34.7.3 In either of the two cases above, the representatives of both the parties shall discuss the projectrequirement and mutually decide whether the project requirement constitutes a change order.34.7.4 If it is mutually agreed that the project requirement/Inquiry constitutes a "Change Order" then ajoint memorandum will be prepared to confirm a "Change Order" and basic ideas of necessaryagreed modifications.34.7.5 Contractor will study the work required in accordance with the Joint memorandum and assesssubsequent schedule and cost effect if any.34.7.6 The results of this study would be discussed mutually to enable Employer/Consultant to give afinal decision whether Contractor should proceed with the Change Order or not, in the bestinterest of the Project.34.7.7 If Employer/Consultant's representative accepts the change order in writing then Contractor shallproceed with the work stipulated in the Change order. Time worked by all workmen employed anda statement showing the description and quantity of all materials and plant utilized for extra workshall be submitted to Employer/Consultant. The Employer/Consultant's representative shall signMH2145-C000-PS-RFQ-0020Page 133 of 334