Project Estimate Supplement

PROJECT ESTIMATE SUPPLEMENT

Supplement Number:    Effective Date:

Project Name:

Original Estimate Date:

Client Name:

Contractor Name:

RECITALS

WHEREAS, Client and Contractor previously documented an initial project estimate for the Project identified above on the Original Estimate Date set forth herein; and

WHEREAS, the parties now desire to supplement and modify the original estimate to describe additional work, revised pricing and revised scheduling for the Project under the terms of this Project Estimate Supplement (the Supplement); and

NOW, THEREFORE, in consideration of the mutual covenants set forth below, the parties agree that the original estimate is supplemented and modified as set forth in this Supplement.

SCOPE OF WORK

The Contractor shall perform the following additional or revised work described in detail below. All work shall be performed in a professional manner in accordance with industry standards and the scope described.

ITEMIZED SUPPLEMENTAL COSTS

List supplemental items, materials, labor or allowances:

Total Supplemental Amount:

PAYMENT TERMS

Payment Schedule:

Payments Due Within: days of invoice date

Late Fee: (applies to past-due balances and accrues monthly)

TERM AND TERMINATION

Supplement Start Date:    Estimated Completion Date:

Either party may terminate this Supplement for material breach of its terms if the breaching party fails to cure within days after written notice. Termination shall not relieve the Client of obligation to pay for work performed and materials procured through the effective date of termination.

CONFIDENTIALITY

Each party shall keep confidential all non-public information disclosed in connection with this Supplement, including pricing, proprietary methods and designs, and shall not disclose such information to third parties except to the party's employees, agents, subcontractors, or professional advisors who have a need to know and who are bound by confidentiality obligations at least as protective as those herein. Confidential information shall not include information that is or becomes publicly available through no fault of the receiving party or is rightfully received from a third party without a duty of confidentiality.

The parties acknowledge and agree to the confidentiality obligations set forth above.

GOVERNING LAW; DISPUTE RESOLUTION

This Supplement shall be governed by and construed in accordance with the laws of the jurisdiction identified below without regard to conflict of law principles. Any dispute arising out of or relating to this Supplement shall be resolved first by negotiation between senior representatives of the parties, and if unresolved, by binding arbitration administered in the jurisdiction selected below unless the parties agree otherwise in writing.

Governing Jurisdiction:

ENTIRE AGREEMENT; AMENDMENT

This Supplement, together with the original estimate and any incorporated documents expressly identified therein, constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior negotiations, representations and agreements. Any amendment to this Supplement must be in writing and signed by both parties.

By signing below, the parties acknowledge that they have authority to bind their respective principals and that this Supplement shall become effective as of the Effective Date set forth above and shall modify the original estimate only to the extent expressly stated herein.

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