Florida Building Contractor Business/Finance Practice Exam

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When an addendum is added to a construction contract, what information is usually included first?

Project timeline
Name of architect/engineer or issuing agency
Description of the change
Cost implications

The correct answer is: Name of architect/engineer or issuing agency

When an addendum is added to a construction contract, it typically begins with the name of the architect, engineer, or issuing agency. This is crucial for clarity and accountability, as it confirms the authority behind the changes being made to the original contract. The inclusion of this information establishes a point of contact for any questions, clarifications, or further communications regarding the addendum, ensuring that all parties are aware of who is responsible for the modifications. Following the identification of the issuing party, the addendum will usually detail the specific changes being proposed, which is important in maintaining transparency and understanding among all involved. Identifying the issuing authority first not only legitimizes the addendum but also provides a clear framework for the subsequent details regarding the project timeline, cost implications, and the actual descriptions of the changes.