2.2-4309 - Modification of the contract. - Virginia Statutes

§ 2.2-4309. Modification of the contract.

A. A public contract may include provisions for modification of the contractduring performance, but no fixed-price contract may be increased by more thantwenty-five percent of the amount of the contract or $50,000, whichever isgreater, without the advance written approval of the Governor or hisdesignee, in the case of state agencies, or the governing body, in the caseof political subdivisions. In no event may the amount of any contract,without adequate consideration, be increased for any purpose, including, butnot limited to, relief of an offeror from the consequences of an error in itsbid or offer.

B. Any public body may extend the term of an existing contract for servicesto allow completion of any work undertaken but not completed during theoriginal term of the contract.

C. Nothing in this section shall prevent any public body from placing greaterrestrictions on contract modifications.

(1982, c. 647, §§ 11-45, 11-55; 1984, c. 764; 1985, c. 286; 1987, cc. 194,248; 1989, c. 235; 1990, c. 395; 1991, c. 175; 1993, cc. 110, 505, 638, 971;1996, cc. 145, 897, 902, 950, 1038; 1998, cc. 222, 619, 666, 697, 791; 1999,cc. 160, 194, 1021, 1024; 2000, cc. 242, 637, 664, 696, 927; 2001, c. 844.)