Which term describes an agreement that modifies the terms of an existing contract?

Which term describes an agreement that modifies the terms of an existing contract?

• A. Change Order
• B. Reprogramming Action
• C. Supplemental Agreement
• D. Lag

Answer: (C)

Modifying the terms of an existing contract is accomplished through a supplemental agreement. This document adds to, changes, or clarifies provisions in the original contract while keeping the original agreement in force. It is used to adjust items such as price, scope, schedule, or terms and conditions and is signed by the same parties to ensure the changes are legally binding and traceable. This approach provides a formal, recognized method to amend the contract without rewriting or replacing it. A change order is more about directing a change in the work within the contract and its existing terms, rather than altering the contract itself, and the other terms don’t describe a formal amendment to contract terms.

Modifying the terms of an existing contract is accomplished through a supplemental agreement. This document adds to, changes, or clarifies provisions in the original contract while keeping the original agreement in force. It is used to adjust items such as price, scope, schedule, or terms and conditions and is signed by the same parties to ensure the changes are legally binding and traceable. This approach provides a formal, recognized method to amend the contract without rewriting or replacing it. A change order is more about directing a change in the work within the contract and its existing terms, rather than altering the contract itself, and the other terms don’t describe a formal amendment to contract terms.