Business Revised Estimate

BUSINESS REVISED ESTIMATE

Estimate Number:     Original Estimate Date:     Revision Date:

Prepared By:

WHEREAS

WHEREAS, Client Name: entered into an original estimate for goods and/or services described therein; and

WHEREAS, Contractor Name: has prepared a revised estimate to reflect changes in scope, pricing, or schedule as set forth below; and

NOW, THEREFORE, the parties agree that the original estimate is amended as set forth in this Business Revised Estimate, which supersedes and replaces the prior estimate only to the extent expressly revised herein.

SCOPE OF WORK (REVISED)

ITEMIZED REVISED ESTIMATE

Provide a clear itemization of goods, services, quantities, unit pricing and line totals.

Subtotal:

Adjustments (discounts / credits):

Estimated Taxes:

TOTAL REVISED ESTIMATE:

PAYMENT TERMS

Total Amount Payable:

Deposit Required (if any):     Payment Method:

Late Payment: Any unpaid amounts shall bear interest at or the maximum permissible rate under applicable law, whichever is lesser. Client shall also be responsible for reasonable collection costs, including attorneys' fees.

TERM AND TERMINATION

Effective Date:     Anticipated Completion Date:

Either party may terminate this revised estimate for material breach that remains uncured after days' written notice. Termination shall not relieve the Client of obligation to pay for services rendered and costs incurred through the effective date of termination, including reasonable wind-down costs.

CONFIDENTIALITY

Each party shall hold in confidence all proprietary and confidential information disclosed by the other party in connection with this estimate ("Confidential Information") and shall not disclose such information to any third party except as necessary to perform obligations under this estimate or as required by law. Confidential Information does not include information that: (a) is or becomes generally available to the public other than by a breach of this clause; (b) was rightfully in the receiving party's possession prior to disclosure; or (c) is independently developed by the receiving party without use of the disclosing party's Confidential Information.

Confidentiality Acknowledgment: I acknowledge and agree to the confidentiality obligations set forth above.

ADDITIONAL TERMS

Change Orders: Any changes to the Scope of Work shall be documented in a written change order signed by both parties specifying adjustments to price and schedule. No work outside the Scope of Work shall be performed without a signed change order.

Risk Allocation: Unless otherwise agreed in writing, title to materials transfers upon payment. Contractor will maintain insurance customary for the services provided and shall provide evidence of insurance upon reasonable request.

GOVERNING LAW

This Business Revised Estimate shall be governed by and construed in accordance with the laws of the State of without regard to its conflict of law principles. The parties submit to the exclusive jurisdiction of the courts located in that State for any dispute arising out of or relating to this estimate.

ENTIRE AGREEMENT

This Business Revised Estimate, together with any written change orders executed by the parties, constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior and contemporaneous understandings, proposals, or communications, whether written or oral, relating to the revised estimate. No modification will be effective unless in writing and signed by authorized representatives of both parties.

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