Contract overrun approval-12

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					                                   APPROVAL OF CONSTRUCTION CONTRACT COST
                                 OVERRUNS AND INCREASES TO SIGNIFICANT BID ITEMS

CONTRACTOR:                                                             CONTRACT NO:
    Estimate                 Modified                 Modified Final
      No.                  Tender Price               Contract Price         Total Overrun          % Increase




Explaination for overrun and/or increase of more than 20% to the Quantity of a significant bid item:




                                                                                             Date

For overruns up to the greater of $5,000 or 5% of the modified tender price:
Recommended by:                                               Approved by:
                                   Consultant                                                Project Sponsor

For overruns up to the greater of $50,000 or 10% of the modified tender price and/or increases of more
than 20% to the quantity of a significant bid item:


Recommended by:                                               Approved by:
                                   Consultant                                                Project Sponsor


For overruns up to the greater of $100,000 or 10% of the modified tender price:




Recommended by:                                               Approved by:
                                   Project Sponsor                                           Regional Director


For overruns exceeding the greater of $100,000 or 10% of the modified tender price:
Recommended by:                                                         Approved by:




Regional Director                                                       Deputy Minister




2012

				
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