Corrected Estimate Template

CORRECTED ESTIMATE TEMPLATE

Estimate Header

Estimate Number:    Corrected Estimate No.:

Original Issue Date:    Correction Effective Date:

Recitals

WHEREAS, Client Name: requested an estimate for the materials and services described herein;

WHEREAS, Provider Name: issued Original Estimate No. dated ;

WHEREAS, the parties have agreed that certain line items on the original estimate require correction for the reasons set forth below, and the parties desire to document the corrected estimate and the terms governing payment and performance.

Scope of Work

The corrected Scope of Work is limited to the items described in this corrected estimate and any attachments expressly incorporated. Provider will perform the following work in accordance with the specifications set forth below:

Itemized Corrected Estimate

DescriptionQtyUnit PriceOriginalCorrected

Total Original Estimate Amount: $    Total Corrected Estimate Amount: $

Payment Terms

Provider will invoice Client in accordance with the corrected amounts set forth above. Payment obligations are subject to the following terms and conditions:

Payment Due Within:    Late Fee: % per month after days past due.

All payments shall be made in lawful currency to Provider at the address specified or to such other payee as Provider designates in writing. Client will not unreasonably withhold payment for corrected items properly performed by Provider.

Term and Termination

This corrected estimate and the Provider's obligation to perform commence on Start Date: and, unless earlier terminated, will continue until End Date: or completion of the corrected work, whichever occurs first.

Either party may terminate this corrected estimate for material breach if the breaching party fails to cure the breach within Notice Period: after written notice. Termination does not relieve Client of liability for payment for work performed and materials procured prior to termination.

Confidentiality

Each party acknowledges that in the course of performing the corrected scope of work, it may receive Confidential Information of the other. Confidential Information includes pricing, designs, technical specifications, and other information identified as confidential. The receiving party will (a) use Confidential Information solely for performing its obligations under this corrected estimate, (b) restrict disclosure to employees and subcontractors with a need to know, and (c) not disclose Confidential Information to third parties without prior written consent, except as required by law.

I acknowledge the confidentiality obligations set forth above:

Governing Law

This corrected estimate and any dispute arising out of or relating to it will be governed by and construed in accordance with the laws of the State of without regard to conflict of law principles. Venue for any action arising under this corrected estimate shall be in the courts of that state.

Entire Agreement; Amendment

This corrected estimate, together with any attachments or incorporated documents, constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior negotiations and understandings. Any modification to this corrected estimate must be in writing and signed by both parties to be effective.

No waiver by either party of any breach or default shall be deemed a waiver of any other or subsequent breach or default. If any provision of this corrected estimate is held invalid or unenforceable, the remaining provisions will remain in full force and effect.

Corrections and Reasons

Acceptance and Signature

By signing below, the undersigned parties acknowledge and accept the corrected estimate, represent that they are authorized to bind their respective parties, and agree to perform in accordance with the terms set forth herein.

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