200.1
(Updated 2017) Purchase Options

This contract document is to be used as an amendment to a ConsensusDocs prime construction contract agreement to help the Owner of the construction project and the Constructor (aka builder, general contractor, design-builder, construction manager) to provide price adjustments for essential materials in a Project that is experiencing or is expected to experience significant, industry-wide economic fluctuation during the performance of this agreement that may impact price, availability, and delivery time frames. This amendment provides for a fair allocation of the risk of such market conditions. This amendment provides a Schedule titled Potentially Time and Price Impacted Materials which lists the specific material that this amendment effects, and is based on objective market indexes the parties decide are most applicable. This document may be considered when tariffs are potentially escalating or if tariffs or their enforceability are removed.

Purchase Options

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